The Lawyer Asia Pacific 150 is the only research report to provide a ranking of the top 100 independent local firms and top 50 global firms in the region. The report offers critical review of some of the fastest growing firms and their strategies, a country-by-country guide to leading legal advisers and legal services market trends, plus exclusive insight into the current business development opportunities in the Asia Pacific. Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
A top fraud lawyer has warned accountants seeking to expand their audit function by becoming anti-fraud "policemen" of consequential increased liabilities, confusion and conflict of interest.
David Kirk, partner at top fraud firm Simons Muirhead & Burton, said advisers and businessmen should know the risks of fraud.
But he told delegates at an Institute of Chartered Accountants in England & Wales (ICAE&W) conference last week that better and more visible regulation would be more of a deterrent than the creation of a "neighbourhood watch" environment among advisers.
Auditors in the biggest firms, already facing negligence actions running into millions of pounds, are in some cases keen to acquire a fraud-busting "forensic auditing" role which could merely add to their liabilities and actions against them.
The ICAE&W talks launched the discussion paper Taking Fraud Seriously. It marked the start of a campaign by the institute's audit faculty for more concerted action against fraud, which it said costs UK industry up to £10 billion a year.
The paper examines the roles of advisers, clients and the law. Recommendations include reviewing and codifying fraud law, a new legal duty on regulators to report suspected fraud to auditors, and review of the auditor's role relating to fraud.