Quest; if you have a great relationship with her, it can't hurt to talk to her about it. Tell her first that you know it's probably a ridiculous request but you'd rather ask and have the answer be no than wonder forever if she would have been willing. If you're close to her she probably knows your situation, and is more than likely willing to work with you. I'd think she'd want the last horse out of her amazing stallion to go to someone she knew anyway... you could always use that angle to try and convince her too :)
My point is, talk to her about it. She's the only one who can answer the question for you, and whether it works or not (though I hope it does!) you'll feel better afterwards, either because it will happen, or because now you know and can begin to distance yourself.
One thing though: I'd suggest, no matter how close you are and how much you like her, getting something in writing; though I am probably preaching to the choir since I just remembered you said you're a law graduate. Congrats, btw!