MDP in SEC crosshairs; accounting firms may cool their urge to merge

Article Abstract:

Issues are discussed regarding the SEC's statement of incompatibility between attorneys' advocacy roles for their clients and accountants' duties to be independent while auditing the finances of publicly traded companies. The crux of the problem, the way the SEC sees it, us that attorneys are not ethically barred from investments in their clients, while accountants are.

Prevention, Unauthorized practice of law

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Cash boughs

Article Abstract:

The increase in law-related businesses, multidisciplinary law firms by another name, is discussed. This has happen ed since the ABA's rejection of multidisciplinary firms.

Innovations

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Bursting class action bubble; a receptive Congress boosts supporters of rule changes,

Article Abstract:

The controversy regarding changes to the class actions rules is discussed, with supporters of tort reform claiming an exploitation of class actions by plaintiffs lawyers, who force corporate defendants to pay huge settlements rather than risk catastrophic jury verdicts.

Class actions (Civil procedure), Class action lawsuits, Tort reform

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