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Devil in the detail

Imelda Moffat considers whether accountants and lawyers are a match made in heaven or hell

26 October 2011

Private client work is often seen as an area slow to change. In my opinion, it is an area where huge opportunities and risks will exist for practitioners in the future, whether they are accountants or solicitors. Here I have a confession. I am a solicitor and practised in the city for many years. I now work for the Institute of Chartered Accountants and have developed an understanding of how accountants run their businesses and are regulated.

Coming together

Private client lawyers and tax solicitors probably have more in common with accountants than any other part of the legal profession. Research indicates most law firm clients deal with firms on an episodic basis. Accountants, on the other hand, tend to have a continuing relationship with clients, driven by the ongoing needs for audit, account preparation and general business advice. This relationship is replicated in the private ...

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