I feel like “if you get legal advice, follow it” is a pretty widely held and sensible broad principle, and violating it can have very bad personal consequences. I think the bar should be pretty high for someone violating that principle, and I’m not sure “avoiding quite a lot of frustration” meets that bar, especially since the magnitude of the frustration is only obvious in hindsight.
I have very little doubt that any advice given to an individual with significant potential exposure to keep their mouths shut was correct advice as to that individual’s personal interests. I also have very little doubt that anyone who worked for or formally advised FTXFF fits in that category.
To the extent that Nathan is asking about legal advice given to EVF, I don’t think the principle would necessarily hold. Legal advice is going to focus relatively more on the client’s legal risks, and less so (if at all) on the traditionally-conceived public interest, what is in the interest of the long-term future, etc. I’d say “charitable organizations should act in their own legal self-interest” probably defaults to true, but that it’s a fairly weak presumption. With the possible and partial exception of lawyers who are also insiders, I think lawyers will significantly underweight considerations like the epistemic health of the broader EA community and also be seriously limited at estimating the effect of various scenarios on that consideration.
That being said, I doubt Will is in a particularly good position to evaluate the legal advice given to EVF because he was recused from FTX-related stuff due to serious conflicts of interests. If he were a lawyer, he might be in a good position to estimate—then he’d have both enough knowledge of facts and the right professional background to infer stuff based on that knowledge. But he isn’t.
I feel like “if you get legal advice, follow it” is a pretty widely held and sensible broad principle, and violating it can have very bad personal consequences. I think the bar should be pretty high for someone violating that principle, and I’m not sure “avoiding quite a lot of frustration” meets that bar, especially since the magnitude of the frustration is only obvious in hindsight.
I have very little doubt that any advice given to an individual with significant potential exposure to keep their mouths shut was correct advice as to that individual’s personal interests. I also have very little doubt that anyone who worked for or formally advised FTXFF fits in that category.
To the extent that Nathan is asking about legal advice given to EVF, I don’t think the principle would necessarily hold. Legal advice is going to focus relatively more on the client’s legal risks, and less so (if at all) on the traditionally-conceived public interest, what is in the interest of the long-term future, etc. I’d say “charitable organizations should act in their own legal self-interest” probably defaults to true, but that it’s a fairly weak presumption. With the possible and partial exception of lawyers who are also insiders, I think lawyers will significantly underweight considerations like the epistemic health of the broader EA community and also be seriously limited at estimating the effect of various scenarios on that consideration.
That being said, I doubt Will is in a particularly good position to evaluate the legal advice given to EVF because he was recused from FTX-related stuff due to serious conflicts of interests. If he were a lawyer, he might be in a good position to estimate—then he’d have both enough knowledge of facts and the right professional background to infer stuff based on that knowledge. But he isn’t.