Multi-disciplinary partnerships, or MDPs, which allow lawyers and accountants to share fee income, were given the green light last year following an inquiry by the Office of Fair Trading.
But the collapse of Enron, the break-up of Andersen and the myriad accounting scandals emerging from the US has caused a re-think in legal and government circles raising concerns over potential conflicts of interest and whether such a move would be in the public interest.
A consultation document issued today by the Lord Chancellor’s department will again question the benefits of multidisciplinary partnerships.
Revenue and profitability growth in on the rise for CPA firms, found a survey from the American Institute of CPA’s and its subsidiary CPA.com
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Carter Backer Winter has acquired Edwards Financial Services, expanding its financial planning department
New growth opportunities in Aberdeen, North East Scotland, are being invested in by Grant Thornton