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Lawyers and CPAs : Hot The Landscape is Changing
Oleh:
Myers, Randy
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
Journal of Accountancy vol. 189 no. 2 (2000)
,
page 73-80.
Topik:
cpa
;
lawyers
;
CPA s
;
landscape
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
JJ85.10
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
Carolyn Sechler - Callton has a seemingly modest business fantasy - to have practicing attorneys on the staff of her Phoenix - based accounting firm so she can offer her clients one - stop shopping. She can’t do that, of course. Arizona law bars attorneys from sharing fees with non lawyers, as do the other 49 states. That and an American Bar Association ban on fee sharing effectively prohibit lawyers from forming so - called multidisciplinary practices (MDPs) - firms in which attorneys would share ownership with CPA s or members of another professional group such as engineers or physicians. Proponents of MDP s don’t like the barriers. In their view, the allied services of attorneys and accountants in MDP s would be more attractive to clients who don’t like having to work with different professionals on the same project and would generate important new business opportunities. "I have wonderful relationships with attorneys outside my office, but I can see the value to my clients by bringing their competencies in - house,” says Sechler - Callton, owner of Sechler CPA Inc. “It would provide a more focused delivery of service” to clients for their diverse but often interrelated professional needs. The ABA had a chance to make Sechler - Callton’s fantasy come true this past August 9. That day, the association’s rule - making body, the house of delegates, considered a controversial recommendation to pave the way by dropping the ABA’s ethics rule prohibiting lawyers from sharing fees with other professionals. It rejected the proposal pending further study, but the matter of fee sharing isn’t going to go away just yet. "This may be the most important issue the legal profession has faced in many, many years,” incoming ABA President William G. Paul said at the time. "It is so important that we need more time to listen to one another and review what we have learned.” Sherwin Simmons, the attorney who heads the ABA commission on MDPs, which crafted the proposal that was considered, said he hopes to present a new report to the house of delegates next July. Legally the ABA’s stance on this issue is moot - it takes a decision of the high court of each state to change the rules governing attorney - non attorney fee sharing. But it is widely presumed that the states’ high courts would follow the ABA’s lead and permit MDPs if the ABA indicated its acceptance. Many in the legal and accounting professions believe it’s only a matter of time before that happens. "My guess is that the MDP will exist in some form in the United States in the 21 st century,” says Simmons, who serves as chairman of the tax division of Miami law firm Steel Hector & Davis LLP. "The public may well insist on it,” he adds.
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