Multidiscipline and the megabuck
Article Abstract:
Solicitors in Great Britain are discussed. Solicitors and accountants in Great Britain have many functions and problems in common. Solicitors are currently prohibited from going into practice with non-solicitors, and there is substantial opposition within the legal profession to the idea of accountant-solicitor mergers. Officials at the Office of Fair Trading are not opposed to the idea and an Act of Parliament allowing mergers between the two professions may eventually be passed. One practical obstacle to the merger of accounting and soliciting firms is the disparity in income between the two groups. Average incomes for solicitors range between 29,400 pounds sterling a year for sole practitioners outside of London to 62,000 pounds for partners in central London firms of 15 partners or more and 100,000 pounds for senior partners in the largest London firms. Domestic conveyancing is the primary source of revenue for solicitors.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1988
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Read all about it - brought to account: TSB chairman Sir John Read
Article Abstract:
Immediately prior to the Scottish Court of Sessions ruling that the Scotland portion of the Trustee Savings Bank (TSB) is owned by the bank's depositors, Sir John Read, chairman of the TSB, stated that the bank is not owned by anyone. The TSB's legal fights with depositors and shareholders over ownership rights and bond issuances to raise operating capital are discussed briefly. If the bank is allowed to become a private corporation by the British judicial system, the sale could raise as much as one billion pounds sterling for the bank, which according to Read will be spent on expansion, technological innovations, and improving the bank's liquidity ratios. TSB's non-bank operations, financial statistics, and history since 1810 are also summarized by Sir John Read.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1985
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Brought to account - Morgan Grenfell's joint chairman Charles Rawlinson: banking on a boom market
Article Abstract:
Morgan Grenfell bank under the direction of joint chairman, Charles Rawlinson, has earned a reputation for aggressively pursuing client corporations and investments in clients, which resulted in its posting a 40 percent increase in profits for 1985. Morgan Grenfell has also been blamed for much of Great Britain's merger mania, since it like other merchant banks earns fees based upon merger and acquisition set-ups and offerings. A brief history of Rawlinson's and Morgan Grenfell's careers is provided.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1986
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