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Volumn 75, Issue 3, 2006, Pages 1317-1338

Moral counseling

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EID: 33846580485     PISSN: 0015704X     EISSN: None     Source Type: Journal    
DOI: None     Document Type: Conference Paper
Times cited : (16)

References (231)
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    • Sarbanes-Oxley Act of 2002 § 307, 15 U.S.C. § 7245 Supp. Ill 2003
    • Sarbanes-Oxley Act of 2002 § 307, 15 U.S.C. § 7245 (Supp. Ill 2003);
  • 7
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    • see also 17 C.F.R. 205 (2003). The legislation passed with a vote of 423-3.
    • see also 17 C.F.R. 205 (2003). The legislation passed with a vote of 423-3.
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    • 33846613055 scopus 로고    scopus 로고
    • See Deborah L. Rhode & Paul D. Patton, Lawyers, Ethics and Enron, in Enron: Corporate Fiascos and Their Implications 625, 628 (Nancy B. Rapoport & Bala G. Dharan eds., 2004).
    • See Deborah L. Rhode & Paul D. Patton, Lawyers, Ethics and Enron, in Enron: Corporate Fiascos and Their Implications 625, 628 (Nancy B. Rapoport & Bala G. Dharan eds., 2004).
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    • For bar opposition, see id. at 645; Susan P. Koniak, When the Hurlyburly's Done: The Bar's Struggle with the SEC, 103 Colum. L. Rev. 1236 (2003).
    • For bar opposition, see id. at 645; Susan P. Koniak, When the Hurlyburly's Done: The Bar's Struggle with the SEC, 103 Colum. L. Rev. 1236 (2003).
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    • Prove It: Task Force Seeks Evidence that Recent Policies Undermine Attorney-Client Privilege
    • For the focus of the ABA Task Force on the Attorney-Client Privilege, see, Apr, at
    • For the focus of the ABA Task Force on the Attorney-Client Privilege, see Molly McDonough, Prove It: Task Force Seeks Evidence that Recent Policies Undermine Attorney-Client Privilege, A.B.A. J., Apr. 2005, at 60.
    • (2005) A.B.A. J , pp. 60
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    • 33846627144 scopus 로고    scopus 로고
    • For California and Washington State Bar committees' challenges to the SEC regulations that implement Sarbanes-Oxley requirements, see Corps. Comm. of the Bus. Law Section and Comm. on Prof'l Responsibility and Conduct, Cal. Bar Ass'n, Ethics Alert: The New SEC Attorney Conduct Rules v. California's Duty of Confidentiality (2004), available at http://calbar.ca.gov/calbar/pdfs/ SEC-ethics-alert.pdf; Wash. State Bar Ass'n, Background on the Proposed Interim Formal Ethics Opinion 1 (2003).
    • For California and Washington State Bar committees' challenges to the SEC regulations that implement Sarbanes-Oxley requirements, see Corps. Comm. of the Bus. Law Section and Comm. on Prof'l Responsibility and Conduct, Cal. Bar Ass'n, Ethics Alert: The New SEC Attorney Conduct Rules v. California's Duty of Confidentiality (2004), available at http://calbar.ca.gov/calbar/pdfs/ SEC-ethics-alert.pdf; Wash. State Bar Ass'n, Background on the Proposed Interim Formal Ethics Opinion 1 (2003).
  • 12
    • 33846631699 scopus 로고    scopus 로고
    • Model Rules of Prof 1 Conduct R. 2.1 cmt. 2 (2004) (noting that [a]lthough a lawyer is not a moral advisor as such, moral and ethical considerations impinge upon most legal questions and may decisively influence how the law will be applied).
    • Model Rules of Prof 1 Conduct R. 2.1 cmt. 2 (2004) (noting that "[a]lthough a lawyer is not a moral advisor as such, moral and ethical considerations impinge upon most legal questions and may decisively influence how the law will be applied").
  • 13
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    • Id. R. 2.1
    • Id. R. 2.1.
  • 14
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    • Id. R. 2.1 cmt.
    • Id. R. 2.1 cmt.
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    • Ethical Perspectives on Legal Practice, 37
    • That view has dominated debates about the formulation and revision of bar ethical standards. For the role of such arguments in the initial drafts of the ABA Model Rules, see
    • That view has dominated debates about the formulation and revision of bar ethical standards. For the role of such arguments in the initial drafts of the ABA Model Rules, see Deborah L. Rhode, Ethical Perspectives on Legal Practice, 37 Stan. L. Rev. 589, 620-21 (1985).
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    • Ideology, Practice, and Professional Autonomy: Social Values and Client Relationships in the Large Firm, 37
    • Robert L. Nelson, Ideology, Practice, and Professional Autonomy: Social Values and Client Relationships in the Large Firm, 37 Stan. L. Rev. 503, 533 (1985).
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    • 79951524438 scopus 로고    scopus 로고
    • Where Is the Leadership in Moral Leadership?
    • For the frequency with which this argument is made, see, Deborah L. Rhode ed
    • For the frequency with which this argument is made, see Deborah L. Rhode, Where Is the Leadership in Moral Leadership?, in Moral Leadership: The Theory and Practice of Power, Judgment, and Policy 1 (Deborah L. Rhode ed., 2006).
    • (2006) Moral Leadership: The Theory and Practice of Power, Judgment, and Policy , vol.1
    • Rhode, D.L.1
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    • A Tale of Two Trajectories, 75
    • For the value of preempting regulation, see
    • For the value of preempting regulation, see Cynthia A. Williams, A Tale of Two Trajectories, 75 Fordham L. Rev. 1629, 1635-49 (2006).
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    • see also David Vogel, The Market for Virtue: The Potential and Limits of Corporate Social Responsibility 6 (2005); Rhode, supra note 14, at 19-20.
    • see also David Vogel, The Market for Virtue: The Potential and Limits of Corporate Social Responsibility 6 (2005); Rhode, supra note 14, at 19-20.
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    • See Paine, supra note 15, at 30-31;
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    • Rhode, supra note 14, at 19-20
    • Rhode, supra note 14, at 19-20.
  • 28
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    • For a representative list, see Deborah L. Rhode, In the Interests of Justice (2000) [hereinafter, Rhode, Interests of Justice];
    • For a representative list, see Deborah L. Rhode, In the Interests of Justice (2000) [hereinafter, Rhode, Interests of Justice];
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    • David Luban, Making Sense of Moral Meltdowns, in Moral Leadership: The Theory and Practice of Power, Judgment, and Policy, supra note 14, at 57
    • David Luban, Making Sense of Moral Meltdowns, in Moral Leadership: The Theory and Practice of Power, Judgment, and Policy, supra note 14, at 57
  • 34
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    • Deborah L. Rhode, Ethics in Counseling, 30 Pepp. L. Rev. 591, 602 (2003)
    • Deborah L. Rhode, Ethics in Counseling, 30 Pepp. L. Rev. 591, 602 (2003)
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    • infra
    • and accompanying text
    • See infra notes 32, 59 and accompanying text.
    • notes , vol.32 , pp. 59
  • 38
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    • See, e.g, Gordon, supra note 18;
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    • Rhode & Patton, supra note 6;
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    • Simon, supra note 18.
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    • See, e.g., Deborah L. Rhode & David Luban, Legal Ethics 515-37, 539-40, 708-27 (4th ed. 2004).
    • See, e.g., Deborah L. Rhode & David Luban, Legal Ethics 515-37, 539-40, 708-27 (4th ed. 2004).
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    • Philip C. Jessup, 1 Elihu Root 133 (1938).
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    • sources cited supra note 24
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    • Id
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    • Jan. 27, I am indebted to David Luban for this cartoon, and for that matter, a great deal more that informs this essay
    • Scott Adams, Dilbert (Jan. 27, 2004) (on file with the author and the Fordham Law Review). I am indebted to David Luban for this cartoon, and for that matter, a great deal more that informs this essay.
    • (2004) on file with the author and the Fordham Law Review
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    • The classic account is Leon Festinger, A Theory of Cognitive Dissonance 128-34 (1957). For more recent accounts, see Cognitive Dissonance: Progress on a Pivotal Theory, in Social Psychology (Eddie Harmon-Jones & Judson Mills eds., 1999);
    • The classic account is Leon Festinger, A Theory of Cognitive Dissonance 128-34 (1957). For more recent accounts, see Cognitive Dissonance: Progress on a Pivotal Theory, in Social Psychology (Eddie Harmon-Jones & Judson Mills eds., 1999);
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    • Metzger, supra note 24, at 467.
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    • For the classic account, see
    • For the classic account, see Elliot Aronson, The Social Animal 108 (1972).
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    • Id. at 224-28, 230.
    • Id. at 224-28, 230.
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    • When asked to administer electric shocks to another participant in the experiment, about two-thirds of subjects fully complied up to levels marked dangerous, despite the victim's screams of pain. See Stanley Milgram, Obedience to Authority: An Experimental View 3-5 (1974).
    • When asked to administer electric shocks to another participant in the experiment, about two-thirds of subjects fully complied up to levels marked dangerous, despite the victim's screams of pain. See Stanley Milgram, Obedience to Authority: An Experimental View 3-5 (1974).
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    • Yet when the experiment was described to subjects, none believed that they would comply, and estimates of compliance by others were no more than one in a hundred. See id. at 27-31;
    • Yet when the experiment was described to subjects, none believed that they would comply, and estimates of compliance by others were no more than one in a hundred. See id. at 27-31;
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    • Arthur G. Miller, The Obedience Experiments: A Case Study of Controversy in Social Science 13, 21 (1986). For an overview of the Milgram work and its relevance for lawyers, see David Luban, The Ethics of Wrongful Obedience, in Ethics in Practice: Lawyers' Roles, Responsibilities, and Regulation 94, 96-97 (Deborah L. Rhode ed., 2000).
    • Arthur G. Miller, The Obedience Experiments: A Case Study of Controversy in Social Science 13, 21 (1986). For an overview of the Milgram work and its relevance for lawyers, see David Luban, The Ethics of Wrongful Obedience, in Ethics in Practice: Lawyers' Roles, Responsibilities, and Regulation 94, 96-97 (Deborah L. Rhode ed., 2000).
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    • For applications in the corporate context, see Darley, supra note 35, at 1186-87
    • For applications in the corporate context, see Darley, supra note 35, at 1186-87.
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    • The result was a major financial crisis when the threat of a public investigation ultimately forced disclosure. The firm's share price plummeted, many clients withdrew their business, a government lawsuit imposed almost $300 million in penalties and the president and the CEO were forced to resign. See Paine, supra note 15, at 9-12
    • The result was a major financial crisis when the threat of a public investigation ultimately forced disclosure. The firm's share price plummeted, many clients withdrew their business, a government lawsuit imposed almost $300 million in penalties and the president and the CEO were forced to resign. See Paine, supra note 15, at 9-12.
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    • For a general overview of the Enron fall, see Kroger, supra note 26, at 69-84;
    • For a general overview of the Enron fall, see Kroger, supra note 26, at 69-84;
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    • For general discussion of the savings and loan crisis, see sources cited in Rhode & Luban, supra note 21, at 287-97
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    • The Kaye Scholer Affair: The Lawyers' Duty of Candor and the Bar's Temptations of Evasion and Apology, 23
    • and William H. Simon, The Kaye Scholer Affair: The Lawyers' Duty of Candor and the Bar's Temptations of Evasion and Apology, 23 Law & Soc. Inquiry 243, 246-51 (1998).
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    • For an account of the biases leading to lawyers' complicity, see
    • For an account of the biases leading to lawyers' complicity, see Donald C. Langevoort, Where Were the Lawyers? A Behavioral Inquiry into Lawyers' Responsibility for Clients' Fraud, 46 Vand. L. Rev. 75 (1993).
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    • Lincoln Sav. & Loan Ass'n v. Wall, 743 F. Supp. 901, 920 (D.D.C. 1990).
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    • David Luban, Professor, Georgetown Univ. Law Ctr., A Different Nightmare and a Different Dream, Paper Presentation at the Fordham University School of Law Symposium: The Internal Point of View in Law and Ethics (Feb. 10, 2006). For the reasons that other professionals fail as gatekeepers and the rationale for requiring lawyers to serve that function, see John C. Coffee, Jr., The Attorney as Gatekeeper: An Agenda for the SEC, 103 Colum. L. Rev. 1293, 1305-07 (2003).
    • David Luban, Professor, Georgetown Univ. Law Ctr., A Different Nightmare and a Different Dream, Paper Presentation at the Fordham University School of Law Symposium: The Internal Point of View in Law and Ethics (Feb. 10, 2006). For the reasons that other professionals fail as gatekeepers and the rationale for requiring lawyers to serve that function, see John C. Coffee, Jr., The Attorney as Gatekeeper: An Agenda for the SEC, 103 Colum. L. Rev. 1293, 1305-07 (2003).
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    • See Langevoort, supra note 53, at 95-105;
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    • sources cited supra notes 24 and 32.
    • sources cited supra notes 24 and 32.
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    • Behavioral Theories of Judgment and Decision Making in Legal Scholarship: A Literature Review, 51
    • For a general review of social psychology literature as it relates to advocacy, see
    • For a general review of social psychology literature as it relates to advocacy, see Donald C. Langevoort, Behavioral Theories of Judgment and Decision Making in Legal Scholarship: A Literature Review, 51 Vand. L. Rev. 1499 (1998);
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    • and David Luban, Integrity: Its Causes and Cures, 72 Fordham L. Rev. 279 (2003).
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    • (1981) Principles of Social Order , pp. 285-287
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    • Robert Granfield & Thomas Koenig, "It's Hard to Be a Human Being and a Lawyer": Young Attorneys and the Confrontation with Ethical Ambiguity in Legal Practice, 105 W. Va. L. Rev. 495 (2003).
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    • Simon, supra note 18, at 15-17;
    • Simon, supra note 18, at 15-17;
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    • Luban, supra note 56
    • Luban, supra note 56.
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    • See Gordon, supra note 18, at 1201;
    • See Gordon, supra note 18, at 1201;
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    • Simon, supra note 18, at 17-20
    • Simon, supra note 18, at 17-20.
  • 126
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    • See Sims & Brinkmann, supra note 45, at 252-53
    • See Sims & Brinkmann, supra note 45, at 252-53.
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    • Rhode & Luban, supra note 21, at 309-10, 844-46
    • Rhode & Luban, supra note 21, at 309-10, 844-46.
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    • Rhode, supra note 63, at 126-28
    • Rhode, supra note 63, at 126-28.
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    • The phrase comes from Abraham S. Blumberg, The Practice of Law as Confidence Game: Organizational Cooptation of a Profession, 1 Law & Soc'y Rev. 15, 28 (1967).
    • The phrase comes from Abraham S. Blumberg, The Practice of Law as Confidence Game: Organizational Cooptation of a Profession, 1 Law & Soc'y Rev. 15, 28 (1967).
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    • Rhode, supra note 63, at 106
    • Rhode, supra note 63, at 106.
  • 132
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    • Model Rules of Prof'l Conduct R. 1.7(a) (2004).
    • Model Rules of Prof'l Conduct R. 1.7(a) (2004).
  • 133
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    • Id. R. 1.13 (2004).
    • Id. R. 1.13 (2004).
  • 134
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    • Simon, supra note 5, at 1454
    • Simon, supra note 5, at 1454.
  • 135
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    • Model Rule 1.13(b) provides that if the lawyers know of a possible legal violation that might be imputed to the organization and is likely to result in substantial injury to the organization, they must proceed as is reasonably necessary in the best interest of the organization, which may include a report to its highest governing body. Model Rules of Prof'l Conduct R. 1.13. The Sarbanes-Oxley Act of 2002 requires lawyers for organizations that issue public securities to report material legal violations up the chain of command.
    • Model Rule 1.13(b) provides that if the lawyers know of a possible legal violation that might be "imputed to the organization" and is "likely to result in substantial injury to the organization," they must proceed "as is reasonably necessary in the best interest of the organization," which may include a report to its highest governing body. Model Rules of Prof'l Conduct R. 1.13. The Sarbanes-Oxley Act of 2002 requires lawyers for organizations that issue public securities to report material legal violations up the chain of command.
  • 136
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    • See Sarbanes-Oxley Act of 2002 § 307, 15 U.S.C. § 7245 Supp. Ill 2003
    • See Sarbanes-Oxley Act of 2002 § 307, 15 U.S.C. § 7245 (Supp. Ill 2003);
  • 137
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    • see also 17 C.F.R. 205 (2003).
    • see also 17 C.F.R. 205 (2003).
  • 138
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    • Model Rules of Prof'l Conduct R. 1.13 cmt. 3.
    • Model Rules of Prof'l Conduct R. 1.13 cmt. 3.
  • 139
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    • For such conflicts of interest, see Model Rules of Prof'l Conduct R. 1.7, 1.8;
    • For such conflicts of interest, see Model Rules of Prof'l Conduct R. 1.7, 1.8;
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    • Rhode & Luban, supra note 21, at 562-68, 580-82
    • Rhode & Luban, supra note 21, at 562-68, 580-82.
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    • Revisioning Lawyers
    • Richard Abel & Philip Lewis eds
    • Richard Abel, Revisioning Lawyers, in Lawyers in Society: An Overview 1, 6 (Richard Abel & Philip Lewis eds., 1995);
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    • See Rhode, supra note 63, at 128.
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    • See Rhode & Luban, supra note 21, at 646-48, 652-55
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    • Serving Two Masters: Integration Ideals and Client Interests in School Desegregation Litigation, 85
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    • Rhode, Interests of Justice, supra note 18, at 175.
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    • Model Rules of Prof'l Conduct R. 3.4 (2004).
    • Model Rules of Prof'l Conduct R. 3.4 (2004).
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    • text accompanying notes 5-7
    • See supra text accompanying notes 5-7.
    • See supra
  • 150
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    • The inadequacies of the legislation have been widely noted in Roger C. Cramton, George M. Cohen & Susan P. Koniak, Legal and Ethical Duties of Lawyers After Sarbanes-Oxley, 49 Vill. L. Rev. 725 (2004);
    • The inadequacies of the legislation have been widely noted in Roger C. Cramton, George M. Cohen & Susan P. Koniak, Legal and Ethical Duties of Lawyers After Sarbanes-Oxley, 49 Vill. L. Rev. 725 (2004);
  • 151
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    • Developments in the Law-Corporations and Society, 117 Harv. L. Rev. 2169, 2227, 2246 (2004)
    • Developments in the Law-Corporations and Society, 117 Harv. L. Rev. 2169, 2227, 2246 (2004)
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    • Kim, supra note 33, at 1048-52
    • Kim, supra note 33, at 1048-52.
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    • For similar views and a critique, see, at
    • For similar views and a critique, see Rhode, Ethics in Counseling, supra note 18, at 604-14.
    • Ethics in Counseling, supra note , vol.18 , pp. 604-614
    • Rhode1
  • 156
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    • Rhode, Interests of Justice, supra note 18, 53-58, 110-14;
    • Rhode, Interests of Justice, supra note 18, 53-58, 110-14;
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    • Gordon, supra note 18, at 1204-07.
    • Gordon, supra note 18, at 1204-07.
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    • see Rhode, Interests of Justice, supra note 18, 55-56;
    • see Rhode, Interests of Justice, supra note 18, 55-56;
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    • From Club to Market: The Evolving Role of Business Lawyers, 74
    • Geoffrey Miller, From Club to Market: The Evolving Role of Business Lawyers, 74 Fordham L. Rev. 1105, 1127 (2005).
    • (2005) Fordham L. Rev , vol.1105 , pp. 1127
    • Miller, G.1
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    • Introduction: The Post-Enron Identity Crisis of the Business Lawyer, 74
    • For the importance on counseling that extends to the purposes, not just the literal terms, of the law, see
    • For the importance on counseling that extends to the purposes, not just the literal terms, of the law, see William H. Simon, Introduction: The Post-Enron Identity Crisis of the Business Lawyer, 74 Fordham L. Rev. 947, 953 (2005);
    • (2005) Fordham L. Rev , vol.947 , pp. 953
    • Simon, W.H.1
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    • see also
    • see also Robert Gordon, The Independence of Lawyers, 68 B.U. L. Rev. 1 (1988);
    • (1988) B.U. L. Rev , vol.1
    • Gordon, R.1
  • 163
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    • Gordon, supra note 18, at 1197-1207
    • Gordon, supra note 18, at 1197-1207.
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    • For the need for lawyers to present their own ethical views in the course of moral engagement with clients, see Robert K. Vischer, Legal Advice as Moral Perspective, 19 Geo. J. Legal Ethics 225, 269 2006
    • For the need for lawyers to present their own ethical views in the course of moral engagement with clients, see Robert K. Vischer, Legal Advice as Moral Perspective, 19 Geo. J. Legal Ethics 225, 269 (2006).
  • 165
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    • Someplace Between Philosophy and Economics: Legitimacy and Good Corporate Lawyering, 75
    • For a discussion of the value of framing arguments in terms of their social legitimacy, see
    • For a discussion of the value of framing arguments in terms of their social legitimacy, see Donald C. Langevoort, Someplace Between Philosophy and Economics: Legitimacy and Good Corporate Lawyering, 75 Fordham L. Rev. 1615 (2006).
    • (2006) Fordham L. Rev , vol.1615
    • Langevoort, D.C.1
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    • Rhode, Interests of Justice, supra note 18, at 67
    • Rhode, Interests of Justice, supra note 18, at 67.
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    • For a sample of the arguments, see Rhode, Interests of Justice, supra note 18, at 111;
    • For a sample of the arguments, see Rhode, Interests of Justice, supra note 18, at 111;
  • 168
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    • Simon, supra note 18
    • Simon, supra note 18.
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    • Simon, supra note 83, at 949
    • Simon, supra note 83, at 949.
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    • Rhode, Interests of Justice, supra note 18, at 111
    • Rhode, Interests of Justice, supra note 18, at 111.
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    • Id
    • Id.
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    • Kim, supra note 33, at 1016;
    • Kim, supra note 33, at 1016;
  • 173
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    • Miller, supra note 82, at 1123;
    • Miller, supra note 82, at 1123;
  • 174
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    • Cops, Counsel, & Entrepreneurs: Constructing the Role of Inside Counsel in Large Corporations
    • 457
    • Robert L. Nelson & Laura Beth Nielson, Cops, Counsel, & Entrepreneurs: Constructing the Role of Inside Counsel in Large Corporations, 34 Law & Soc'y Rev. 457, 466 (2000);
    • (2000) Law & Soc'y Rev , vol.34 , pp. 466
    • Nelson, R.L.1    Beth Nielson, L.2
  • 175
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    • Risk Management and Corporate Governance: The Case of Enron, 35
    • Robert Eli Rosen, Risk Management and Corporate Governance: The Case of Enron, 35 Conn. L. Rev. 1157, 1169 (2003).
    • (2003) Conn. L. Rev , vol.1157 , pp. 1169
    • Eli Rosen, R.1
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    • Rhode, Interests of Justice, supra note 18, at 30;
  • 177
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    • Miller, supra note 82, at 1117-18, 1121-26
    • Miller, supra note 82, at 1117-18, 1121-26.
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    • Miller, supra note 82, at 1121-26
    • Miller, supra note 82, at 1121-26.
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    • Kim, supra note 33, at 1005-07.
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    • For equity interests, see Rhode & Luban, supra note 21, at 664
    • For equity interests, see Rhode & Luban, supra note 21, at 664.
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    • Bazerman, supra note 24, at 3, 168-70;
    • Bazerman, supra note 24, at 3, 168-70;
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    • Integrity: Its Causes and Cures, 72
    • David Luban, Integrity: Its Causes and Cures, 72 Fordham L. Rev. 279, 304-05 (2003);
    • (2003) Fordham L. Rev , vol.279 , pp. 304-305
    • Luban, D.1
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    • Metzger, supra note 24, at 547-59;
    • Metzger, supra note 24, at 547-59;
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    • Rhode, supra note 14, at 36-37, 47-50
    • Rhode, supra note 14, at 36-37, 47-50.
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    • Luban, supra note 56
    • Luban, supra note 56.
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    • Gordon, supra note 18, at 1211
    • Gordon, supra note 18, at 1211.
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    • For variations on these questions and the evening news inquiry, see Paine, supra note 15, at 225-26;
    • For variations on these questions and the evening news inquiry, see Paine, supra note 15, at 225-26;
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    • For business lawyers questioning whether information requires disclosure, Simon proposes a test that asks whether a reasonable investor would be influenced by the information. Simon, supra note 5, at 1466 n.47;
    • For business lawyers questioning whether information requires disclosure, Simon proposes a test that asks whether a reasonable investor would be influenced by the information. Simon, supra note 5, at 1466 n.47;
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    • Simon, supra note 18, at 7.
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    • For critical reviews of legal advice in Enron, see Cramton, Cohen & Koniak, supra note 79;
    • For critical reviews of legal advice in Enron, see Cramton, Cohen & Koniak, supra note 79;
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    • Gordon, supra note 18;
    • Gordon, supra note 18;
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    • Teaching Enron, 74
    • Milton C. Regan, Jr., Teaching Enron, 74 Fordham L. Rev. 1139, 1162-80, 1186-1202 (2005);
    • (2005) Fordham L. Rev , vol.1139
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    • Simon, supra note 18, at 5-11
    • Simon, supra note 18, at 5-11.
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    • For a discussion of individuals' tendency to deny that self-serving biases apply to them, even when confronted by research, see, Harv. Bus. Rev. 28;
    • For a discussion of individuals' tendency to deny that self-serving biases apply to them, even when confronted by research, see Max H. Bazerman & George Loewenstein, Taking the Bias Out of Bean Counting, 2001 Harv. Bus. Rev. 28;
    • (2001) Taking the Bias Out of Bean Counting
    • Bazerman, M.H.1    Loewenstein, G.2
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    • Kim, supra note 33, at 1029
    • Kim, supra note 33, at 1029.
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    • Rhode & Patton, supra note 6, at 635-36;
    • Rhode & Patton, supra note 6, at 635-36;
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    • Simon, supra note 18, at 29
    • Simon, supra note 18, at 29.
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    • 33846647770 scopus 로고    scopus 로고
    • U.S. Sentencing Guidelines Manual § 8B2.1(a)(2) (2005).
    • U.S. Sentencing Guidelines Manual § 8B2.1(a)(2) (2005).
  • 201
    • 33846596003 scopus 로고    scopus 로고
    • Id. § 8B2.1(b)(2)(B).
    • Id. § 8B2.1(b)(2)(B).
  • 202
    • 33846636672 scopus 로고    scopus 로고
    • John Gibeaut, Telling Secrets, ABA J., Nov. 2004, at 73 (quoting Susan W. Ausman).
    • John Gibeaut, Telling Secrets, ABA J., Nov. 2004, at 73 (quoting Susan W. Ausman).
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    • 33846599982 scopus 로고    scopus 로고
    • For the problems faced by whistleblowers and the inadequacy of current protections, see Rhode & Luban, supra note 21, at 403-09;
    • For the problems faced by whistleblowers and the inadequacy of current protections, see Rhode & Luban, supra note 21, at 403-09;
  • 204
    • 33846633999 scopus 로고    scopus 로고
    • Kim, supra note 33, at 1064-65
    • Kim, supra note 33, at 1064-65.
  • 205
    • 33846626261 scopus 로고    scopus 로고
    • Kim, supra note 33, at 1055-63
    • Kim, supra note 33, at 1055-63.
  • 206
    • 33846602108 scopus 로고    scopus 로고
    • Rhode, supra note 63, at 142-43
    • Rhode, supra note 63, at 142-43.
  • 207
    • 33846644769 scopus 로고    scopus 로고
    • See Kim, supra note 33, at 1064-65;
    • See Kim, supra note 33, at 1064-65;
  • 208
    • 33846637638 scopus 로고    scopus 로고
    • Gibeaut, supra note 104, at 73;
    • Gibeaut, supra note 104, at 73;
  • 209
    • 33846572645 scopus 로고    scopus 로고
    • Rhode & Luban, supra note 21, at 403-09.
    • Rhode & Luban, supra note 21, at 403-09.
  • 210
    • 33846564766 scopus 로고    scopus 로고
    • One version of the noisy withdrawal rule appears at Implementation of Standards of Professional Conduct for Attorneys, 67 Fed. Reg. 71670, 71673 proposed Dec. 2, 2002, to be codified at 17 C.F.R. 205
    • One version of the noisy withdrawal rule appears at Implementation of Standards of Professional Conduct for Attorneys, 67 Fed. Reg. 71670, 71673 (proposed Dec. 2, 2002) (to be codified at 17 C.F.R. 205).
  • 211
    • 33846593138 scopus 로고    scopus 로고
    • For a discussion of opposition, see 68 Fed. Reg. 6324, 6329 (proposed Feb. 6, 2003) (to be codified at 17 C.F.R. 205). A second version appears at 68 Fed. Reg. 6324, 6328 (proposed Feb. 6, 2003) (to be codified at 17 C.F.R. 205).
    • For a discussion of opposition, see 68 Fed. Reg. 6324, 6329 (proposed Feb. 6, 2003) (to be codified at 17 C.F.R. 205). A second version appears at 68 Fed. Reg. 6324, 6328 (proposed Feb. 6, 2003) (to be codified at 17 C.F.R. 205).
  • 212
    • 33846577165 scopus 로고    scopus 로고
    • The final rule does permit an attorney to make a noisy withdrawal to prevent the issuer from committing a material violation that is likely to cause substantial injury to the financial interest or property of the issuer or investors. 17 C.F.R. 205.3(d)(2)(i, 2005, Many state confidentiality rules prohibit disclosure under such circumstances, and the issue of whether federal regulations preempt state ethical codes is now under dispute. See W. Bradley Wendel, Professional Responsibility: Examples and Explanations 79-82 2004
    • The final rule does permit an attorney to make a noisy withdrawal to prevent the issuer from committing a material violation that is likely to cause substantial injury to the financial interest or property of the issuer or investors. 17 C.F.R. 205.3(d)(2)(i) (2005). Many state confidentiality rules prohibit disclosure under such circumstances, and the issue of whether federal regulations preempt state ethical codes is now under dispute. See W. Bradley Wendel, Professional Responsibility: Examples and Explanations 79-82 (2004).
  • 213
    • 33846641952 scopus 로고    scopus 로고
    • Coffee, supra note 56, at 1306-07;
    • Coffee, supra note 56, at 1306-07;
  • 214
    • 33846577166 scopus 로고    scopus 로고
    • Cramton, Cohen, & Koniak, supra note 79, at 816;
    • Cramton, Cohen, & Koniak, supra note 79, at 816;
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    • Miller, supra note 82, at 1129-30
    • Miller, supra note 82, at 1129-30.
  • 217
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    • Rhode, supra note 63, at 131-37
    • Rhode, supra note 63, at 131-37.
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    • For gaps in research, see Rhode, supra note 14, at 51-53;
    • For gaps in research, see Rhode, supra note 14, at 51-53;
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    • 33846649392 scopus 로고    scopus 로고
    • Trevino & Weaver, supra note 97, at 339
    • Trevino & Weaver, supra note 97, at 339.
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    • 33846639468 scopus 로고    scopus 로고
    • For gaps in professional ethics education in law schools and business schools and strategies for improvement, see Metzger, supra note 24, at 438-49, 555-59;
    • For gaps in professional ethics education in law schools and business schools and strategies for improvement, see Metzger, supra note 24, at 438-49, 555-59;
  • 221
    • 33846603011 scopus 로고    scopus 로고
    • supra note 14, at 47-51
    • supra note 14, at 47-51.
  • 222
    • 33846630235 scopus 로고    scopus 로고
    • Rhode, Interests of Justice, supra note 18, at 200
    • Rhode, Interests of Justice, supra note 18, at 200
  • 223
    • 33846643852 scopus 로고    scopus 로고
    • (quoting William Simon, The Trouble with Legal Ethics, 41 J. Legal Educ. 65, 66 (1991));
    • (quoting William Simon, The Trouble with Legal Ethics, 41 J. Legal Educ. 65, 66 (1991));
  • 224
    • 33846635321 scopus 로고    scopus 로고
    • see also Vischer, supra note 84, at 271 arguing for a fuller discussion of the moral implications of legal practice in law school
    • see also Vischer, supra note 84, at 271 (arguing for a fuller discussion of the moral implications of legal practice in law school).
  • 225
    • 33846619521 scopus 로고    scopus 로고
    • Trevino & Weaver, supra note 97, at 339
    • Trevino & Weaver, supra note 97, at 339.
  • 226
    • 84963456897 scopus 로고    scopus 로고
    • note 6 and accompanying text
    • See supra note 6 and accompanying text.
    • See supra
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    • 0742323670 scopus 로고    scopus 로고
    • Lawrence J. Fox, The Fallout from Enron: Media Frenzy and Misguided Notions of Public Relations Are No Reason to Abandon Our Commitment to Our Clients, 2003 U. Ill. L. Rev. 1243, 1247.
    • Lawrence J. Fox, The Fallout from Enron: Media Frenzy and Misguided Notions of Public Relations Are No Reason to Abandon Our Commitment to Our Clients, 2003 U. Ill. L. Rev. 1243, 1247.
  • 228
    • 33846606164 scopus 로고    scopus 로고
    • Model Rules of Prof'l Conduct pmbl. (2004).
    • Model Rules of Prof'l Conduct pmbl. (2004).
  • 229
    • 33846648264 scopus 로고    scopus 로고
    • For a sample, see Rhode, Interests of Justice, supra note 18, at 161-65
    • For a sample, see Rhode, Interests of Justice, supra note 18, at 161-65,
  • 230
    • 33846619976 scopus 로고    scopus 로고
    • In the Interests of Justice: A Comparative Perspective on Access to Legal Services and Accountability of the Legal Profession
    • 93
    • and Deborah L. Rhode, In the Interests of Justice: A Comparative Perspective on Access to Legal Services and Accountability of the Legal Profession, 56 Current Legal 93 (2003).
    • (2003) Current Legal , vol.56
    • Rhode, D.L.1
  • 231
    • 0003957489 scopus 로고    scopus 로고
    • John McGrath & Maureen Teitelbaum trans
    • Jean Renoir, Rules of the Game 53 (John McGrath & Maureen Teitelbaum trans., 1997).
    • (1997) Rules of the Game , vol.53
    • Renoir, J.1


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