It is evident from talking to City partners that a good deal of confusion still surrounds the new conflicts regime. As Legal Week reported on 2 November, there is certainly a perception that some people are still flouting the rules (see story). You can deliver your verdict on how the leading firms are behaving by taking part in legalweek.com’s current web poll, which can be found on the home page.
It is also well worth taking a look at Clifford Chance (CC) general counsel Chris Perrin’s comment in today’s issue of the magazine (see article), in which he sets out to explain a question that has baffled conflicts experts. Namely, why the new rules – which came into force earlier this year – are more restrictive than common law (see Charles Hollander QC: Were the conflicts rule really necessary?) .
