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10 January 2014 / Simon Goldie
Issue: 7589 / Categories: Features , Profession
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Public knowledge

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The Big Four accountancy firms engage with government, why not law firms, asks Simon Goldie

Part of the Big Four accountancy firms’ business objectives is to engage with government. Each partnership has a public affairs function. Much to the chagrin of Public Accounts Committee chair Margaret Hodge, they provide staff on secondment to work at HM Revenue & Custom and HM Treasury. At least one firm offers free help to HM Opposition too. They also have tax policy directors whose brief includes commenting on tax legislation. This ongoing engagement serves several purposes: it provides the Big Four with an understanding of government policy, it gives them the opportunity to improve legislation and it can be said to be for the common good.

A different approach

Law firms tend to take a different approach. They may engage with politicians via a public affairs agency or rely on their representative body, the Law Society, to speak out for the profession. Generally they shy away from running a public engagement programme.

After all the changes that the Legal Services Act has brought perhaps it is time for

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MOVERS & SHAKERS

Hogan Lovells—Lisa Quelch

Hogan Lovells—Lisa Quelch

Partner hire strengthens global infrastructure and energy financing practice

Sherrards—Jan Kunstyr

Sherrards—Jan Kunstyr

Legal director bolsters international expertise in dispute resolution team

Muckle LLP—Stacey Brown

Muckle LLP—Stacey Brown

Corporate governance and company law specialist joins the team

NEWS

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HERBERT SMITH STAFF PENSION SCHEME (THE “SCHEME”)

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