Bullish on spinoffs; entrenpreneurial lawyers remain undaunted by potential ethical pitfalls

Article Abstract:

Law firms with nonlegal business units present possible ethical violations such as conflict of interest, but this has not deterred entrepreneurial lawyers setting up such firms. Subsidiaries include consulting firms providing training in areas such as lawsuit-prevention and managing real estate ventures to corporations. Some were founded to provide firm clients with a broader range of services, but others seem to be focused on creating new revenue streams.

Standards, Management, Multidisciplinary law firms, Prevention, Legal ethics, Conflict of interests (Attorneys), Conflicts of interest (Lawyers)

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Tax Reform may not live up to name: Roth bill debated; still few benefits from 1997 changes

Article Abstract:

Sen Finance Committee Chman William Roth outlined proposals to protect taxpayers against IRS abuses, but a provision conditionally shifting the burden of proof in court cases to the IRS has is especially controversial. The Senate would just ask that the taxpayer show past cooperation for the burden to shift. The Senate vill also extends the attorney-client common-law privilege to accountants and others who represent taxpayers before the IRS.

Analysis, Tax reform

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