LEO: Firm Representing Competing Banks -  LE Op. 231

 

Firm Representing Competing Banks - Conflicts in Interests.

 

December 28, 1973

 

It is not improper for members of the same law firm to act as counsel for

two competing banks, assuming, of course, that there is no actual legal

conflict between the banks and so long as both banks have consented to

such multiple representation after full disclosure. [See II: DR:5-105.]

 

Committee Opinion December 28, 1973