At some point in every corporate lawyer’s career, they are thrust into a situation pitting their obligation to zealously advocate in helping a client achieve its goals, against their professional and ethical obligations to objectively view the state of established law and act consistent with ethical standards.
The Delaware Court of Chancery’s thoughtful decision in Bandera Master Fund LP v. Boardwalk Pipeline Partners, LP highlights the potential bad outcomes that can result when a law firm loses its objectivity and professionalism in an effort to assist a client in obtaining a financial objective.
Click here to view the full article