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Ethics of Going Into Business With Clients (Teleseminar)
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Ethics of Going Into Business With Clients  (Teleseminar)

1 CLE hour, including 1 Ethics hour

When: 10/02/2015
1:00 PM to 2:00 PM
Contact: (404) 521-0781

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One-hour CLE programs are just a phone call away
Convenient, affordable, timely and informative
An 800 number connects you to nationally recognized practice leaders who will speak on important issues and emerging trends in the law. You can also pose your own questions to the speakers. Written materials and other details are emailed in advance to pre-registrants.

Ethics of Going Into Business With Clients - 1 CLE hour, including 1 Ethics hour
Attorneys often have opportunities to go into business with clients.  They are invited or ask to be included in profit participation of a client’s promising businesses or transaction. This can come in the form of trading legal fees for equity stakes or investing cash or other property in these deals.  Either form of participation in a client business is fraught with potential conflicts of interests.  It’s incumbent on attorneys to identify and communicate these conflicts to clients and to obtain effective waivers. Failure to do so can easily lead to ethical complaints and sanctions.  Attorneys are also often asked to serve as a director of a client company. This too raises substantial ethical issues about the attorney’s role as legal advocate and counselor versus business adviser and decision-maker.  This program will provide you with a real-world guide to the ethics of going into business with clients.

Ethics of going into business with clients 
Issues when attorneys exchange their fees for equity stakes in client deals 
Attorney investments of cash and other property in client businesses 
Understanding professional conflicts of interest versus personal conflicts of interests
Best practices for effective waiver of conflicts of interest
Ethical unwinding a business relationship that has gone bad
How to represent yourself to third parties when you are a partner in a business
Ethical issues when an attorney serves on a board of directors, including disqualification and attorney-client privilege risks


Sue C. Friedberg
is a partner in the Pittsburg office of Buchanan, Ingersoll & Rooney, PC.  She is associate general counsel of the firm and responsible for guiding its attorneys in meeting the standards of ethical law practice. She supervises the firm's conflicts of interest review process and new business intake functions, and provides counsel for the firm as a business entity.  Earlier in her career, she focused on corporate finance, securities law, and general business transactions.  Ms. Friedberg earned her B.S., magna cum laude, from Georgetown University and her J.D., cum laude, from the University of Pittsburg School of law.

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