Download This PaperLawyers as Directors: Who Serves and Why?
1996 Symposium, The Professional Lawyer 107. Reprinted in THE LAWYER-DIRECTOR: IMPLICATIONS FOR INDEPENDENCE; REPORT OF THE TASK FORCE ON THE INDEPENDENT LAWYER (American Bar Association Section of Litigation 1998)
24 Pages Posted: 11 Jul 2008 Last revised: 11 May 2012
Date Written: 1996
Abstract
A survey returned by 800 lawyers indicates that few serve as board members of client companies. A majority of respondents do not favor a change in current ethics rules, which allow the practice with client informed consent. Lawyer service on non-profit client boards may be the only source of legal advice available. A model consent form calling attention to typical conflicts of interest is suggested.
Keywords: Empirical Study, Lawyer-Directors, Trends, Non-profit Boards, Conflict of Interest, Informed Consent
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