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PRODID:-//Session events Calendar//IBA//EN
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DTSTAMP:20260409T174248Z
DTSTART:20181011T093000Z
DTEND:20181011T104500Z
SUMMARY:Return of the one-stop shop: accountants and lawyers
DESCRIPTION:This session will explore multidisciplinary practices and the
  overlap of consulting firm’s services with law services.\n\nBy way of b
 ackground\, The Economist magazine reported that the Big Four accounting
  networks - Deloitte\, EY\, KPMG and PwC - had a combined annual revenue
  of $120b a few years ago\, which was larger than the $89b produced by t
 he combined 100 largest law firms. In 2018\, PwC launched its own law fi
 rm in Washington\, DC\, the only US jurisdiction to allow this. Accounta
 nts are permitted to own and control law firms in some jurisdictions\, s
 uch as Australia\, the United Kingdom and Mexico\, and in other jurisdic
 tions\, they may be permitted to be affiliated with or be part of a law 
 firm that controls the practice\, collaborate and otherwise share costs.
 \n\nThe catchword is ‘multidisciplinary practice’. This panel will have 
 representatives from multidisciplinary firms and will debate what this m
 eans for law firms and consumers\, particularly large businesses that ca
 n and do have their own internal and sophisticated counsel. The panel wi
 ll explore overlapping services and regulation\, particularly in the art
 ificial intelligence (AI) and business consulting areas\, such as specia
 lity practices including tax and customs and other government regulatory
  compliance. It will also discuss questions such as: Does the combinatio
 n of legal and accounting and other consulting have to happen under the 
 umbrella of the Big Four? Other than litigation in the law courts\, is t
 here a distinct difference between the work law firms and accounting fir
 ms can undertake or are we all in the same competitive bowl?
LOCATION:Session Room G\, Level -1
UID:9405a5da-4a72-453d-b08f-1ee75406e211
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