Are perceived conflict of interests fairly subjective? What can encourage an attorney to recuse themselves from a case or client while another might not?
Is a court of law the final authority on what constitutes a perceived conflict of interest?
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Conflict of Interest in a legal sense is not subjective: if in the circumstances a reasonable person would identify a conflict of interest then there is a conflict of interest.
Legally, reasonable is an objective standard. Practically, different people will draw the line of reasonable at different points.
As always, a court will only intervene if there is a dispute (people can agree that there is or is not a conflict of interest) and the parties ask it to. If it does, then it has the final word on what is reasonable.