Ethics for Transactional Attorneys: Identifying the Client in Multi-Party Transactions
December 4th , 2020 10am PST, 11am MST, 12pm CST, 1pm EST
Smart companies banding together on high risk or intensive capital opportunities don’t want to waste money by reinventing legal work already being performed by other members of the group, so they often chose to ride along on others’ work. They may even consciously recognize this at the outset and agree to share legal expenses. This makes perfect business sense, but it presents a fundamental ethical issue for the lawyers: are all the participants clients? If not, who is the client? This presentation will consider:
- elements of an attorney-client relationship;
- effect of third party involvement;
- professional responsibility consequences of classification as a client;
- the importance of each party clearly understanding its status and role;
in the context of frequently encountered multi-party transactions, like oil and gas joint operations, lending syndicates, and unincorporated ventures.
ALLISON MCKENNA DONOVAN, Hogen Lovells US LLP, Denver, CO
DAVID G. EBNER, Lohf Shaiman Jacobs Hyman & Feiger PC, Denver, CO
1 HOUR OF CLE AVAILABLE!