As a result of Watergate, the legal profession’s reputation was badly damaged. Disciplinary action was taken against eighteen lawyers, which prompted the American Bar Association to focus on improving ethical standards and education for lawyers. Over the subsequent decades, the Model Rules were drafted and revised to promote this goal. Legal education also changed by requiring all accredited law schools to provide training in the area of professional ethics. Subsequent events involving the lawyers, however, should cause the legal profession to question whether lawyers have adequate tools to navigate their often competing roles of public servant, guardian of the rule of law and client advocate or advisor in a way that furthers justice and public trust. In particular, the legal profession needs to focus on improving the Rules and legal education to inculcate not just respect for the rule of law, but more explicitly, respect for the interests of third parties.