The Law Society is expected to convene a special general meeting of the profession to consider abolishing Chinese walls which allow major firms to act for opposing clients.
Mayo Solicitors Bar Association has petitioned the Law Society for the meeting and has also called for the scrapping of solicitors undertakings for residential conveyancing.
They believe that these changes could lead to reductions in premiums for professional indemnity insurance.
The president of the Law Society, John Costello, and society officers will meet the sponsors of the motion next week. Its understood that the issues raised by the Mayo solicitors are already under consideration by the society, but if the sponsors are not persuaded otherwise, the general meeting must go ahead before June 18.
A senior member of the Mayo association told The Sunday Business Post : In the 1990s, the Law Society drew up draft guidelines suggesting that solicitors should not act for several parties in one transaction.
But big companie.
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