One of the most noteworthy and unrecognized elements of financial reform legislation over the past decade has been the tense clash between the need for federal oversight and accountability of attorneys and the ability of attorneys to govern themselves with respect to ethics and professional conduct.
November 15, 2010 at 12:00 AM
1 minute read
Self-regulation … helps maintain the legal profession’s independence from government domination. An independent legal profession is an important force in preserving government under law, for abuse of legal authority is more readily challenged by a profession whose members are not dependent on government for the right to practice.
— ABA Model Rules of Professional Conduct, Preamble ¶ 11.
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