SRA relaxes conflicts rules after review of use of Chinese walls
City law firms will now be able to make wider use of Chinese walls after the Solicitors Regulation Authority (SRA) finalised a review of the rules governing conflicts. The rule changes, approved by the Legal Services Board earlier this month (13 July), lift the restrictions which formerly only allowed law firms to act for multiple clients with information barriers in place if the firm had already been instructed at the time the conflict arose. Rule four of the SRA Code of Conduct previously only permitted work involving Chinese walls to be completed after a conflict became apparent.
City law firms will now be able to make wider use of Chinese walls after the Solicitors Regulation Authority (SRA) finalised a review of the rules governing conflicts.
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