Not a CLS 3L, but good luck to all on the bar exam. Hope not too many of you paid the extra $$$ for Barbri–Themis is just as good for half the price.
PBA: For an interesting case study that pretty squarely addresses your hedge fund example, see the current allegations surrounding Evan Greebel. It’s easy to judge the guy, but what do you do when your client comes to you and asks you do draft him a Consulting Agreement between the company for which he is CEO (and is presumably authorized to act) and his hedge funds? Even if you recognize the potential fraud, not so easy to say no and lose a major client when business generation is pretty much your entire job.
I actually largely agree with you point (which in the corporate context is helped quite a bit by the SEC’s Accredited Investor rules and the general sophistication and legal representation of all parties involved in a major transaction), but I wouldn’t go too far arguing that legal work is free of ethical dilemmas.