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.

You may like these other stories...

Here's a CPA who truly walks the walk. On March 15, Frank Ryan, CPA, departed San Diego, California, with plans to be in Ocean City, Maryland, by July 2 to teach a course at the Maryland Association of CPAs’ (MACPA...
When Theodore J. Flynn first joined the Massachusetts Society of CPAs (MSCPA) in 1970, it was a different world and a different profession.  The "Big Eight" were still headquartered in Boston. Vietnam War...
Accountant Rickey Charles Goodrich had it a little too good. Many bean counters would kill to serve as financial guru to the likes of Pearl Jam. Goodrich was hired in 2005, and the following year, he became the CFO of Curtis...

Upcoming CPE Webinars

Apr 22
Is everyone at your organization meeting your client service expectations? Let client service expert, Kristen Rampe, CPA help you establish a reputation of top-tier service in every facet of your firm during this one hour webinar.
Apr 24
In this session Excel expert David Ringstrom, CPA introduces you to a powerful but underutilized macro feature in Excel.
Apr 25
This material focuses on the principles of accounting for non-profit organizations' revenues. It will include discussions of revenue recognition for cash and non-cash contributions as well as other revenues commonly received by non-profit organizations.
Apr 30
During the second session of a four-part series on Individual Leadership, the focus will be on time management- a critical success factor for effective leadership. Each person has 24 hours of time to spend each day; the key is making wise investments and knowing what investments yield the greatest return.