Rita Bank, a well-known Washington, D.C., divorce attorney, has been litigating unhappy break-ups for more than a quarter-century. But next month, the family law heavyweight will find herself in court over an unamicable split with a renowned former client.

Ms. Bank is facing a $5 million legal malpractice lawsuit from Joseph Stiglitz, a New York-based Nobel laureate in economics, who is claiming that Ms. Bank gave him counsel that left him financially vulnerable in the divorce proceedings and failed to promptly tell him about merger discussions she was having at the time with his ex-wife’s attorney.

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