TO ALL YOU LAWYERS OUT THERE - IS THE LAWYER/ACCOUNTANT MEGAFIRM CONCEPT IN ANY WAY VIABLE NOW?

A Pure Vanity, OK? | Freedomlover

[freedomlover]

Do any of you remember rumblings, about two or three years ago, about the possibilities that the future of law included the use of mega-firms which include lawyers and accountants?

Frankly I think that has been set back at least a lifetime in light of the AA situation. Lawyers WHEN IT COMES TO THEIR OWN BUSINESS avoid controversy like the plague.

Any thoughts?

Freedomlover

[freedomlover]

Bump at ya

[patent]

To be honest I didn't think it was a viable concept before all this. Thus, I suspect my stating that I don't think its viable now isn't worth much. I'm sure there are still some folks out there thinking that bigger is better and more profitable, etc., and thus still attracted to this sort of thing. I just think its a bad idea. The two corporate cultures, IMHO, just don't match. Most law firms simply work differently then most accounting firms do. At a very basic level we need different things to get our jobs done then they do. The dreamers don't think on that practical level, they just see "synergy" and dollar signs.

Regardless, I personally would hit the door if my firm merged with an accounting firm.

patent

[Taxguy]

From working in several big 8 - 5, soon to be 4, as an attorney (CPA, JD, LLM (NYU), a portion of the tax practice is probably compatible. However, attorneys and accountants do think differently. Most of the larger cpa firms, especially in the larger offices, employ JDs in their tax practices, but unless the JD has an accounting base they are like a fish out of water. Both professions have something to offer the client. Most attorneys run from the numbers and most accountants are ill prepared to handle a complex fact situation. Both abilities are necessary to properly plan a transaction.

[freedomlover]

bttt

[freedomlover]

bttt