Show me the sophisticated client, and I’ll show you the opportunity to make some more money. As I wasn’t there, perhaps it is unfair to criticise, but I remain unhappy at the continuing pressure to widen the conflict rules, ostensibly to allow the sophisticated client to make the choice to instruct the lawyer who would otherwise be conflicted. Thus, from The Lawyer.com today
Clifford Chance general counsel and chairman of the City of London Law Society rules and regulation committee Chris Perrin has called for significant widening of client conflict rules at The Lawyer’s Strategic Risk Management Conference. The City of London Law Society has made proposals, which would effectively allow clients to consent to all conflicts of interest. Perrin said: “We’ve been talking about this possible change for some time. It gives sophisticated clients who know what they’re doing freedom.”
Ethics are ethics: except it seems when money is involved. It is a slippery slope.