corporate law; corporate lawyers; ethics
This Essay suggests that one way for the general counsel to help bankruptcy professionals make better staffing and budget decisions is to communicate her values more clearly to those professionals at the beginning of the engagement. In her role as the chief legal officer, the general counsel needs to let the bankruptcy professionals in on her thought processes. How does she watch over her own attorneys’ decisions in other types of cases? What expenses does she consider reasonable? If she takes an active role in monitoring her bankruptcy professionals’ work, her values (assuming that they’re good values) will contribute to the oversight necessary to keep the fees and expenses reasonable.
Nancy B. Rapoport,
Using General Counsel to Set the Tone for Work in Large Chapter 11 Cases,
88 Fordham L. Rev. 1727
Available at: https://ir.lawnet.fordham.edu/flr/vol88/iss5/8