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An ambulance chaser is a derogatory term for an unethical lawyer, namely of the "personal injury" persuasion.
The term is derived from lawyers who followed ambulances to the hospital after a person was injured (usually determined to be such through the lawyer's use of a personal police/fire radio scanner [see: "Scanning", 3] in order to attempt to drum up business by convincing the victim that they need to sue, or by simply being the first lawyer in contact with the victim, generally when the victim is most easily talked into suing (prone to suggestion).