Opinion #199 – 09/30/1971 (33-71)
adverse interests, bank, conflict of interests, client consent, duty of lawyer, mortgage, real estate, representation
Topic: Conflicting Interests
Digest: Cannot represent mortgagor and mortgagee without express consent after full disclosure.
Code: DR 5-105 (C); DR 5-105 (D)
May an attorney or another member or associate of his firm represent the mortgagor and the mortgagee in the same transaction?
Unless both the mortgagor and the mortgagee give their express consent after full disclosure, the same partnership may not represent the mortgagor and the mortgagee as it would be representing conflicting interest. DR 5-105 (C); Wise Legal Ethics 255 (2d ed. 1970). A lawyer may represent multiple clients only if it is obvious that he can adequately represent the interest of each and if each consents to the representation after full disclosure of the possible effect of such representation on the exercise of his Independent professional judgment on behalf of each. DR 5-105 (C); N.Y. State 162 (1970).If a lawyer is required to decline employment under DR 5-105, no partner or associate of his or his firm may accept said employment. DR 5-105 (D).