Is an attorney retained for litigation or to represent a party in the course of the transaction?

MultiRegion, United States of America

The following excerpt is from Rai v. WB Imico Lexington Fee, LLC, Docket No. 14-1916, Docket No. 14-2120 (2nd Cir. 2015):

It is well established, moreover, that an attorney retained either for litigation or to represent a party in the course of a transaction is that party's agent. "The relationship between an attorney and the client he or she represents in a lawsuit is one of agent and principal." Veal v. Geraci, 23 F.3d 722, 725 (2d Cir. 1994). In connection with a transaction, "it is an agent's duty to

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