The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
The Appellate Division in New York is considering an amendment to the local professional conduct code, which could radically affect current conflict restrictions on US lawyers.
US lawyers working in their home jurisdictions are in no circumstances allowed to act adverse to their clients without first seeking a waiver. However, US lawyers working and licensed to practise abroad are absolved from any need to comply with US conflict rules when the ‘predominant effect’ of their work is outside the US, according to the New York Code of Professional Responsibility.
In a significant development, the four presiding justices of New York’s Appellate Division are discussing an amendment to the code that could widen the concept of ‘predominant effect’ to any work carried out by a New York-admitted lawyer, even if they are working in New York itself.
In a paper presented to the International Bar Association conference on risk management last week (17 September), Clifford Chance executive partner and general counsel Chris Perrin said this raised the prospect of a New York lawyer working in New York adverse to a US client of their firm without having to obtain a conflict waiver.
Perrin told The Lawyer: “It will enable US lawyers to compete with lawyers around the world who have less draconian conflict rules, so they wouldn’t have to get consent from clients to act on the other side from them on transactions, as they do at the moment.”