What should engagement letters include when representing multiple clients?

When representing multiple clients, engagement letters should include potential conflicts and consent waivers. This is crucial because when lawyers represent multiple clients, particularly in related matters, the risk of conflicts of interest arises. The engagement letter serves to inform all parties of any existing or potential conflicts, ensuring transparency.

Additionally, the consent waivers included in the engagement letter ensure that each client is aware of these conflicts and agrees to proceed despite them. This is vital to uphold ethical obligations and protect the interests of all clients involved. By doing so, the lawyer can maintain the integrity of the attorney-client relationship while also ensuring compliance with professional conduct rules.

In contrast, including a detailed account of each client's personal life is unnecessary and could infringe on privacy considerations. Financial estimates for representation might be relevant in some situations, but they do not cover the critical issue of potential conflicts. Lastly, listing prior clients represented by the lawyer does not address the specific requirements of managing multiple clients, especially concerning conflicts of interest.