In brief: Accountants ask for lobbying support

Accountants have called on the big City law firms to join them in asking the Government for a review of the legislation on joint and several liability. Eighteen professional bodies, including the Institute of Chartered Accountants and the CBI, last week wrote to the Trade and Industry secretary Ian Lang calling for a review. Gerry Acher, chair of the audit faculty of the ICA and KPMG's head of audit, said: “We're far more concerned about the issue of proportionate liability than we are about limiting total liability.” The Law Commission has said it does not think a review worthwhile and the Law Society's submission on the issue agrees. But Acher said: “I would hope some of the big City law firms would join us in pressing the DTI on this.”