Anthony Davis and Noah Fiedler Author Article in The Professional Lawyer on Indemnity Provisions in Outside Counsel Guidelines
Anthony E. Davis and Noah D. Fiedler authored the article "Indemnity Provisions in Outside Counsel Guidelines: A Tale of Unintended Consequences" published by The Professional Lawyer, a periodical on ethics and professionalism by the American Bar Association (ABA).
The article discuses how client outside counsel guidelines ("OCGs") are taking on increasing significance as more corporate and financial institution clients develop broad forms of OCGs and adopt policies requiring them for all outside counsel engagements. In the article, Mr. Davis and Mr. Fiedler provide an overview of the factors underlying the increase OCGs generally and then discuss how OCGs, and particularly the provisions commonly included in OCGs that require law firms to indemnify clients, actually threaten the professional independence of lawyers and the legal profession as a whole.
To read the full article, "Indemnity Provisions in Outside Counsel Guidelines: A Tale of Unintended Consequences," visit the ABA website.