The Law Society Council voted this morning by an overwhelming majority to endorse the new conflicts and confidentiality proposals.
Only two council members voted against, while 62 voted for the new regime. There were six abstentions.
The new rules set down a narrower definition of conflict than current guidelines, and separates out matters of conflict and matters of confidentiality and duty to disclose confidential information. Exceptions to the rule are made for situations where clients have a common goal.
Information barriers, also known as Chinese Walls, will be permitted in cases where the client has given express and fully informed consent.
At the same meeting, member overwhelmingly voted through a rise on practising certificates, which will now cost £830 compared to a previous £790. Of those present at the meeting, 51members voted in favour, 15 voted against and five abstained.