Are multi-disciplinary firms a reality?. Fergus Payne Lewis Silkin LLP 2 December 2011. We have been here before. We have been here before. Forays of Big Five into legal services saw opportunities to exploit client bases of law firms law as another line of business
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Lewis Silkin LLP
2 December 2011
“which bring together lawyers and other professionals to provide legal and other services to third parties”
“in the areas of consumer debt, inheritance planning or personal taxation, a combination of both legal and accounting skills could be a valuable asset for the client. Research carried out by MORI suggests that there is some consumer interest in the convenience and accessibility of ‘one stop shopping’, provided that appropriate regulatory safeguards are in place.”
Sir David Clementi
Final Report, December 2004
“the introduction of ABS will allow for greater flexibility of professional services provision... there will also be more opportunities for firms of all sizes to work, partner and merge with other professional services firms to create multi-disciplinary practices. These MDPs may be complex global services firms, or a local solicitor partnering with a local accountant.”
Jonathan Djanogly, Justice Minister (2010)
Source: POB’s Key Facts and Trends in the Accountancy Profession, June 2011
Sources: The Lawyer UK 200 report; Accountancy Age Top 100; SRA Summary of Performance Measures and Statistics, March 2011;