Big Four Fear in New Jersey: Not Now or Not Ever?
The picture in the U.S. is different from overseas, but that doesn't mean that the relationship between lawyers and accountants in the state hasn't evolved over the years—and that more evolution couldn't be in store.
February 21, 2019 at 02:37 PM
8 minute read
The market to provide legal services is a competitive one, and law firms are not competing only with one another. That's a familiar refrain as reports come steadily about the Big Four accounting firms' exploits overseas.
In the U.S. generally, and in New Jersey specifically, the picture is much different. Laws and ethics rules—chiefly those prohibiting the practice of law by nonlawyers and barring legal fee-sharing with nonlawyers—are major impediments to the sort of market-shifting moves happening in Europe and Asia.
But that doesn't mean that the relationship between lawyers and accountants in the state hasn't evolved over the years—and that much more evolution couldn't be in store.
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Trending Stories
- 1The Law Firm Disrupted: For Big Law Names, Shorter is Sweeter
- 2Wine, Dine and Grind (Through the Weekend): Summer Associates Thirst For Experience in 'Real Matters'
- 3'That's Disappointing': Only 11% of MDL Appointments Went to Attorneys of Color in 2023
- 4What We Know About the Kentucky Judge Killed in His Chambers
- 5'I'm Staying Everything': Texas Bankruptcy Judge Halts Talc Trials Against J&J
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250