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Ethical compliance: Tips for managing conflicts and confidentiality

Tracey Calvert discusses how law firms in England and Wales can avoid falling foul of the SRA on conflicts and confidentiality issues

23 September 2015

With law firms' risk and compliance functions focused on big issues like money laundering, misuse of client funds and cybercrime threats, it's easy to forget to be vigilant of compliance with basic ethical requirements. Conflict and confidentiality management is a non-negotiable aspect of law firm practice. But, it is often an area in which there are many misunderstandings on the part of both lawyers and client alike.

Having the correct understanding of what the regulator expects to see - together with the means to ensure this happens - is crucial if both lawyers and their firms are to have a good relationship with their clients and regulators. The risks attached to non-compliance with regulatory requirements
on conflict and confidentiality management
must not be underestimated.

 


IF A CONFLICT IS IDENTIFIED DURING A CONFLICT SEARCH

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