The Big Four believe there is significant demand among clients for a multidisciplinary service that combines tax and legal services. A survey conducted by The American Lawyer of 100 general counsel and in-house lawyers at leading global corporations suggests that confidence may be unfounded.
First, the bad news: Almost 90 percent of respondents said they did not think their company would be interested in receiving legal advice from an accounting firm. Almost 70 percent cited the potential for conflicts, while more than 40 percent questioned whether an accounting firm would have the required legal expertise.
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