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A $214 million malpractice lawsuit lodged this week by billionaire Ira Rennert served up a reminder that a merged law firm—in this case, Arnold & Porter Kaye Scholer—can’t always avoid fallout from events that trace back to one of the firm’s predecessors.
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Scott Flaherty, based in New York, covers the business of law with a focus on plaintiffs lawyers and litigation involving law firms. He can be reached at firstname.lastname@example.org. On Twitter: @sflaherty18