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No inherent conflict in confessing judgment via cognovit note, Ohio Board says

By Karen Rubin on September 4, 2014

Confessing judgment on behalf of a cognovit note debtor does not place a lawyer in an inherent conflict of interest, the Ohio Board of Commissioners on Grievances and Discipline has held in an advisory opinion.

The Ohio Board’s opinion updates an older opinion issued under the state’s former Code of Professional Responsibility.  (Ohio adopted…

Posted in Conflicts
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The Law for Lawyers Today is a resource for law firms, law departments and lawyers needing information to meet the challenge of practicing ethically and responsibly. Here you’ll find timely updates on legal ethics, the “law of lawyering,” risk management and legal malpractice, running your legal business— and more.

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