Start using this Workflow
Conflict of Interest Checklist
Client Identification
Obtain the full legal name of the client
Request the client's contact information and identification documents
Determine if the client is acting on behalf of another entity and obtain relevant details
Conflict Search and Analysis
Conduct a thorough conflict check using the firm's conflict-checking software or system
Review any hits for conflicts with current or former clients
Analyze potential conflicts regarding the firm's personnel and their relationships
Disclosure and Consent
Disclose any potential or actual conflicts to the client in writing
Obtain informed written consent from all affected clients where possible
Document the client's understanding of the implications of the conflict
Engagement Limitations
Determine if the conflict can be waived or requires declining the engagement
Establish clear ethical walls and confidentiality protocols if proceeding
Regularly monitor the engagement for any changes in the conflict status
Record Keeping
Maintain a record of all conflict checks and the results
Keep signed written consents on file
Update conflict information in the firm's database promptly
Ongoing Management
Review and update conflict of interest procedures periodically
Train staff and attorneys on recognizing and handling conflicts
Conduct regular audits to ensure compliance with conflict of interest policies
