Some corporate counsel are ahead of the game in addressing potential conflict situations with their external advisers. While the Law Society voted to tighten up its conflict guidelines only this month, many companies already have their own, often stricter guidelines in place. Sophie Evans reports
July 28, 2004 at 08:03 PM
1 minute read
The original version of this story was published on Legalweek
Major companies prefer to use their own conflict guidelines to those of the Law Society, setting out stricter rules to govern relationships with their advisers.
The findings come in a snapshot poll taken by Legal Director this week, following the Law Society’s ‘fast track’ approval of new conflict guidelines in the wake of the controversy over Freshfields Bruckhaus Deringer being barred from acting for Philip Green on his putative Marks & Spencer (M&S) bid.
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