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.

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Upcoming CPE Webinars

Jul 16
Hand off work to others with finesse and success. Kristen Rampe, CPA will share how to ensure delegated work is properly handled from start to finish in this content-rich one hour webinar.
Jul 17
This webcast will cover the preparation of the statement of cash flows and focus on accounting and disclosure policies for other important issues described below.
Jul 23
We can’t deny a great divide exists between the expectations and workplace needs of Baby Boomers and Millennials. To create thriving organizational performance, we need to shift the way in which we groom future leaders.
Jul 24
In this presentation Excel expert David Ringstrom, CPA revisits the Excel feature you should be using, but probably aren't. The Table feature offers the ability to both boost the integrity of your spreadsheets, but reduce maintenance as well.