TITLE

Law Society draft conflict rules meet barrage of City criticism

AUTHOR(S)
Harris, Joanne; Begum, Husnara
PUB. DATE
July 2005
SOURCE
Lawyer;7/4/2005, Vol. 19 Issue 26, p80
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that law firms have berated the Law Society in Great Britain for the ambiguity of new draft rules governing conflicts of interest. The new rules, which are yet to be approved by the British Department of Constitutional Affairs (DCA), attempt to provide a framework that is more workable for law firms. The proposed system relaxes the rules for corporate deals involving auction sales by allowing firms to act for rival bidders and/or those involved with the funding of bidders. The criticisms have also been backed by the DCA's legal services consultative panel in its advice to the Lord Chancellor. In a report published last month, the panel expressed concern about the breadth of the proposed rule. It recommended that the wording be redrafted to clarify the rules regarding exceptions to the duty not to act and the requirement for client consent.
ACCESSION #
17605666

 

Related Articles

  • Large Law Firms, Sophisticated Clients, and the Regulation of Conflicts of Interest in England and Wales. Loughrey, Joan // Legal Ethics;Dec2011, Vol. 14 Issue 2, p215 

    The article presents information on the large law firms of England and Wales represented by the City of London Law Society (CLLS) and the relaxation sought based on the rules of professional conduct related to conflicts of interest. A focus is on the sophisticated clients consent towards...

  • Fairweather, Winters & Sommers. Kanter, Arnold B. // American Bar Association Journal;Oct83, Vol. 69 Issue 10, p1562 

    Reports on developments at the U.S. law firm, Fairweather Winters and Sommers Committee Handling Ethics and Theology (CHEAT) as of October 1983. Charge against CHEAT for developing a policy statement on conflicts of interest and proposing a method of handling them within the firm; Need to avoid...

  • Conflicting values. Menton, Francis // Lawyer;3/31/2003, Vol. 17 Issue 13, pUS3 

    Reports that the scope for conflicts of interest gets greater as law firms get bigger. Possibility that British firms can learn from their American counterparts; Measure adopted by bankruptcy courts in United States to avoid such conflicts; Difficulties in eliminating unanticipated developments.

  • In on the Action: Lawyers invest in clients. Middleton, Martha // American Bar Association Journal;Sep83, Vol. 69 Issue 9, p1206 

    Reports on the investment activities of law firms that represent venture capital firms in the United States. Investment partnerships formed by law firms; Conflict-of-interest issues arising from the practice.

  • DMV boots up new computer system, sort of.  // Las Vegas Business Press;09/13/99, Vol. 16 Issue 36, p13 

    Highlights developments concerning law firms and administrative agencies in Nevada. Includes the Nevada Department of Motor Vehicles and Public Safety's encouragement of customers to register cars and renew driver's licenses through electronic mail; University of Nevada, Las Vegas' hosting of...

  • Jenner & Block's trial: A case of culture clash. Strahler, Steven R. // Crain's Chicago Business;02/14/2000, Vol. 23 Issue 7, p1 

    Reports a management conflict within the Jenner & Block law firm in Chicago, Illinois. Division of power between owner Jerold S. Slovy and executive committee Chairman Theodore R. Tetzlaff; Dissolution of the executive committee power of Tetzlaff; Financial status of the law firm; Resignation...

  • Twenty Years Later- It Is Still the Rule. McLain, J. Anthony // Alabama Lawyer;May2012, Vol. 73 Issue 3, p212 

    The article provides an answer to a question on the conflict of interest of long-time clients regarding their representation by law firms.

  • Attorneys-at-law...firm disqualification.  // American Bar Association Journal;Jan1981, Vol. 67 Issue 1, p98 

    Reports that the U.S. District Court for the Northern District of Illinois has refused to disqualify a law firm on grounds of conflict of interest in a patent infringement suit. Details of the case; Legal precedents; Policy implications on law firms and the legal system.

  • Legal Widow.  // Lawyer;6/23/2003, Vol. 17 Issue 25, p19 

    Focuses on the implications of law firms buying each other in Great Britain. Effect of having different departments representing the same client or one department representing all of the clients; Impact on workplace environment.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics