Manage Your Risk With Concurrent Client Conflicts

Manage Your Risk With Concurrent Client Conflicts

Understand how to identify and address concurrent client conflicts of interest to avoid any associated repercussions. Conflicts between the interests of current clients are a persistent risk, particularly at large firms with numerous clients and global practices, and firms specializing in certain niche industries and issues. Understanding how to identify and address concurrent client conflicts of interest to maintain client relationships, comply with ethical obligations, and avoid litigation with a client, is an important aspect to the modern practice of law. This topic helps attorneys understand how to use conflict-checking systems to manage concurrent client conflicts and explains the factors to consider when identifying whether there is a concurrent client conflict. Because failing to accurately identify and address potential concurrent client conflicts may result in disqualification, sanctions, malpractice claims, and considerable damage to client relationship, there are various tools and approaches attorneys and law firms may employ to address conflicts.