In every sphere of life, conflicts of interest are inevitable. In the workplace, situations can arise in which an employee becomes unreliable due to a clash between their personal or financial interests and their professional duties. Conflicts of interest usually affect your judgement or decision-making process. They could also affect your performance at work or the loyalty you owe your employer.
Conflicts of interest in the legal profession can arise in a number of situations due to the complexities of the field. When two or more clients have conflicting interests, the duty to act in the best interests of each of our clients may mean that the firmâ€™s responsibilities toward one client may conflict with its responsibilities toward another. A firm cannot reasonably represent both sides in a contractual dispute or advise both an investor and their potential investment.
This course provides guidance for navigating different types of conflicts of interest that commonly arise inside law firms.
The course explains what a conflict of interest is and presents various situations where an employee might encounter a conflict of interest.
Assess your comprehension of conflicts of interest in the workplace with this five-minute knowledge check.
VinciWorks' has the conflicts of interest reporting solution that's right for you. Our solution for law firms allows firms to collect data efficiently and securely into one centralised location. COLPs and COFAs can seamlessly review all conflicts and aggregate data via a centralised dashboard.
Our compliance solution for workplaces allows compliance staff to gather all data and supporting documents in one centralised system. Omnitrack also allows for ongoing monitoring and tracking, providing relevant alerts throughout the process.