Many lawyers assume that simultaneously acting for members of the same family and their business or corporate entities is relatively safe from fraud and conflicts issues. After all, the parties all know each other and everyone is on good terms.
Unfortunately, this is just not the case. An analysis of LAWPRO claims files tells us that there is actually a greater likelihood of a fraud or conflicts of interest issue when clients are related to or know each other.
Understanding when and why malpractice claims arise when work is done for related clients can help you avoid a claim. . . . [more]