Andrew Pavlovic, professional discipline and regulatory Partner, has authored a practice note for PLC’s new Practice Compliance and Management resource hub.
The practice note is essential reading for Partners and General Counsel having to grapple with potential own interest conflict issues which arise either at the outset or during the course of a matter. As there are no exceptions which permit acting in an own interest conflict scenario, the consequences for firms who fail to recognise own interest conflict can be severe.
Reproduced from Practical Law with the permission of the publishers. For further information visit www.practicallaw.com.
The practice note provides an in depth review of own interest conflicts, with reference to relevant decisions of the Solicitors Disciplinary Tribunal, providing practical answers to the following questions:
- What are own interest conflicts and can a firm continue to act in an own interest conflict scenario?
- When will the SRA take action against individuals and firms (or both) for acting where there is an own interest conflict?
- How can own interest conflicts arise from personal and professional relationships, professional appointments, personal memberships and funding arrangements?
- What are the particular risk areas for in house-General Counsel in this area?
- Own interest conflicts and mistakes – can a firm continue to act after making a mistake?
- Where an own interest conflict emerges should this be reported to the SRA?
If you are a Partner or General Counsel and would like to discuss own interest conflicts in more detail or if you have any specific questions arising from this practice note, please contact Andrew Pavlovic, who specialises in professional discipline and regulatory law.
Reproduced from Practical Law with the permission of the publishers. For further information visit www.practicallaw.com.
