Conflicts of interest - a general counsel dilemma
Conflicts management at the City's leading law firms has been severely questioned over recent months. But the Law Society guidelines are in need of revision, argues Tony Williams and until new ones are introduced it may be down to general counsel to police the firms
In recent months adverse comments have been made as to the way in which larger law firms deal with potential conflicts of interest. It has even been suggested that firms disregard conflicts rules or behave in a cavalier fashion. But to truly understand the situation, it is necessary to examine what the rules are designed to prevent and whether they take into account the modern realities of business.
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