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Open Access. Powered by Scholars. Published by Universities.®

2003

University of Michigan Law School

Lawyers

University of Michigan Journal of Law Reform

Legal Profession

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Full-Text Articles in Law

Main Street Multidisciplinary Practice Firms: Laboratories For The Future, Susan Poser Oct 2003

Main Street Multidisciplinary Practice Firms: Laboratories For The Future, Susan Poser

University of Michigan Journal of Law Reform

This Article examines the debate over multidisciplinary practice in the wake of the collapse of Enron and Arthur Andersen. Part I addresses the history of the scholarly debate about multidisciplinary practice in the United States. It discusses the focus on large multidisciplinary firms, feared threats to independent professional judgment, and the current rule concerning lawyers and multidisciplinary practice.

Part II examines the reasons for allowing multidisciplinary practice. The author argues that client demand, lawyer demand, and policy reasons all provide valid reasons for permitting "one-stop" shopping. Part I also discusses existing forms of multidisciplinary practice. The author argues that the ...