Multidisciplinary Practices: Reality Or Illusion

Abstract

A Multi-disciplinary practice is a practice or partnership formed between a lawyer and a non-lawyer, usually between a lawyer and an accountant.  As the lines blur between many of the services rendered by an attorney and an accountant, the multi-disciplinary practice becomes appealing.  Common ground has been found in tax matters, financial planning, elder law, and employment matters.  However, many impediments must be overcome to enable this form of practice to flourish.  These impediments, from both the legal and accounting profession, are discussed.  Analysis of the Codes of Professional Conduct and state statutes suggests that the challenges may be difficult to overcome.