ShaneMcLean.com

Information on legal and business topics from Canadian business lawyer Shane McLean

A case to watch for lawyers who serve on boards

Posted by Shane McLean on January 6, 2010

The Law Times has a good article (here) about a recently certified Canadian class action suit which has, as a side issue, the question of whether a law firm can be responsible  for the director related liabilities of a member of the firm who serves on the board of directors of a client.    The outcome of this case will  be important to watch for Canadian lawyers who serve or would consider serving on the board of directors of their clients and may make it prudent for firms to review their policy re:  firm partners and associates accepting board positions with clients.

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