SAN ANTONIO—Although large corporations can be lucrative clients for law firms they hire, a corporate client’s size can be a negative if the business owns several subsidiaries or affiliates.
In such instances, conflict of interest rules may preclude a firm from suing or opposing any of its client’s component entities. If the client’s corporate family tree is sprawling, experts say, a law firm will lose significant opportunities that could outweigh the value of the parent company’s business.
Law firms can...
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