Is CPA/Legal Fee Sharing Wrong?

Independence reigns supreme within CPA and law practices, but what about the issue of sharing fees within a practice that services both industries?

Late last year, several Big 5 firms announced the set-up of law practices connected to the CPA practices to provide turn-key services to clients and enhance firm revenues.

The issue is a nationwide one, and a Texas lawyer who heads up a State Bar of Texas Task Force to examine the multidisciplinary issue will go public on Jan. 21 with the task force recommendations not to pursue the issue.

The reasoning behind the decision was that the issue was much larger than just the CPA/law firm realm, and crosses over into other industries, such as insurance and financial services.

A related story on Andersen Legal's 1999 revenues can be found on the Law News Network.


Already a member? log in here.

Editor's Choice

Upcoming CPE Webinars

Nov 24This webcast presents basic principles of revenue recognition, including new ASU 2014-09 for the contract method. Also, CPAs in industries who want a refresher on revenue accounting standards will benefit.
Dec 3The materials discuss the concepts and principles in the AICPA’s new special purpose framework.
Dec 9A key component to improving your firm’s workflow efficiency while enhancing your profitability at the same time is how you leverage emerging technologies.
Dec 9Kristen Rampe will cover how to diffuse the tension in challenging situations in this one-hour webinar.