Professional Liability Blog
Corporate Counsel And Duties Beyond The Client published on Law360.com
Representing closely-held entities can present a challenging array of ethical dilemmas for in-house or outside counsel, especially with regard to fiduciary duties and conflicts of interest. These challenges can be particularly onerous where in-house counsel wears two hats for the entity: lawyer and executive.
This article outlines some of the legal landmines counsel for the closely-held entity may face, and how corporate lawyers may insulate their business clients and themselves from claims by third parties.