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Kirkland & Ellis Photo: Diego Radzinschi/ALM

Kirkland & Ellis’ resignation from a large debt deal involving multiple firm clients offers a conflicts lesson for firms seeking to rapidly expand client connections in finance and private equity deals.

“This is a real problem in the transactions finance space where there are repeat players and you have ties to each of them,” said Eric Talley, a corporate law and finance professor at Columbia Law School and co-director of the Millstein Center for Global Markets and Corporate Ownership.

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Patrick Smith

Patrick Smith, based in New York, covers the business of law, including the ways law firms compete for clients and talent, cannabis law and marketing innovation. Reach him at [email protected] or on Twitter at @nycpatrickd

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