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Legal Ethics and Professional Responsibility

University of Michigan Law School

Michigan Law Review

1978

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The Corporate And Securities Adviser, The Public Interest, And Professional Ethics, Simon M. Lorne Jan 1978

The Corporate And Securities Adviser, The Public Interest, And Professional Ethics, Simon M. Lorne

Michigan Law Review

It is the thesis of this Article that we, as a society, need to make deliberate decisions about the proper role of the corporate adviser, and, when that function has been defined, to develop a structure within which it can be performed. As the Article makes clear, the logical choices involve what might be described as either revolutionary change or reactionary change. That is, the current trends should either be accelerated or reversed; the present situation is intolerable. While the author will contend that the case for shifting into reverse is more persuasive, getting into a gear, and out of …