Managing conflicts of interest is an integral part of law firm practice. Yet attorneys often dread the conflicts review process because they believe they might have to turn down new business rather than accept new clients, if any conflicts are revealed. However, this is not always the case. By understanding the conflict of interest rules and taking a few simple steps, lawyers and law firms can ensure compliance with ethical obligations while minimizing the need to turn away work.
Understand the Types of Conflicts Under the Rules
In many circumstances, a conflict can be resolved without an attorney or firm having to turn away a new client. Thus, it is important for attorneys to understand the rules governing conflicts.
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