Skip to main content Accessibility help
×
Home
Hostname: page-component-cf9d5c678-j7tnp Total loading time: 0.154 Render date: 2021-07-29T03:50:33.588Z Has data issue: true Feature Flags: { "shouldUseShareProductTool": true, "shouldUseHypothesis": true, "isUnsiloEnabled": true, "metricsAbstractViews": false, "figures": true, "newCiteModal": false, "newCitedByModal": true, "newEcommerce": true, "newUsageEvents": true }

The Confrontation between the Big Five and Big Law: Turf Battles and Ethical Debates as Contests for Professional Credibility

Published online by Cambridge University Press:  27 December 2018

Abstract

This article uses interviews and comparative professional histories to explore the stakes of the battle—pre-Enron and seen in reactions to the Enron crisis—between the organized bar and the multidisciplinary practices (MDPs) associated with the Big Five accounting firms and their law firms. The paper examines modes of professional practice—family, Continental corporate law, and the Cravath model—to describe the tensions and potential solutions to maintaining professional legitimacy without appearing too close to business or economic power. The paper then seeks to explain preliminarily why the MDP debate became so strong in the United States despite the fact that the actual threat to U.S. corporate lawyers appeared relatively small. It suggests that the interjection of the Big Five potentially threatened a relatively precarious professional legitimacy with different impacts for different sectors of the bar.

Type
“From the Trenches and Towers”: MDPs After Enron/Andersen
Copyright
Copyright © American Bar Foundation, 2004 

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Abbott, Andrew 1988. The System of Professions: An Essay on the Division of Expert Labor. Chicago: University of Chicago Press.CrossRefGoogle Scholar
Abel-Smith, Brian, and Stevens, Robert 1967. Lawyers and the Courts: A Sociological Study of the English Legal System, 17501965. Cambridge, Mass.: Harvard University Press.Google Scholar
Ader, Henri 1999. Testimony Before the ABA Commission on Multidisciplinary Partnerships, 8 August, http://www.abanet.org/cpr/multicomsched899.html.Google Scholar
Association of the Bar of the City of New York. 1999. Statement of Position on Multidisciplinary Practice, 20 July, http://www.abcny.org.Google Scholar
Barker, Emily 1999. Associates Are Flocking to Banking and Consulting Careers. Legal Times, 17 May, S26.Google Scholar
Becker, Wendy, Herman, Miriam, Samuelson, Peter, and Webb, Allen 2001. Lawyers Get Down to Business. McKinsey Quarterly, no. 2, 4455.Google Scholar
Beckert, Sven 2001. The Monied Metropolis: New York City and the Consolidation of the American Bourgeoisie. Cambridge, U.K.: Cambridge University Press.CrossRefGoogle Scholar
Berman, Harold 1983. The Ideology of Philanthropy: The Influence of the Carnegie, Ford, and Rockefeller Foundations on American Foreign Policy. Albany: Syracuse University of New York Press.Google Scholar
Bird, Kai 1992. The Chairman: John J, McCloy, the Making of the American Establishment. New York: Simon and Schuster.Google Scholar
Boigeol, Anne, and Dezalay, Yves 1997. De & lcar; agent & dcar; affaires au barreau: Les conseils juridiques et la construction & dcar; un espace professionel (From man of affairs to the bar: The conseils juridiques and the construction of professional space). Geneses: Sciences Sociales et Histoire 27:4968.Google Scholar
Bower, Marvin 1979. Perspective on McKinsey: McKinsey & Company, Inc. Chicago: McKinsey.Google Scholar
Caplan, Lincoln 1994- Skadden: Power, Money, and the Rise of a Legal Empire. New York: Farrar Straus Giroux.Google Scholar
Chernow, Ron 1998. Titan: The Life of John D. Rockefeller, Sr. New York: Random House. Dahrendorf, Ralf. 1969. Law Faculties and the German Upper Class. In Sociology of Law, ed. W. Aubert. London: Penguin.Google Scholar
Dezalay, Yves 1992. Marchand de Droit. Paris: Fayard.Google Scholar
Dezalay, Yves, and Garth, Bryant G. 1996. Dealing in Virtue: International Commercial Arbitration and the Construction of a Transnational Legal Order. Chicago: University of Chicago Press.Google Scholar
Dezalay, Yves, and Garth, Bryant G. 2001a. La construction juridique ď politique de notables: Le double jeu des patricians do barreau Indien su le marché de la virtu civique (The legal construction of a political strategy by notables: The double game of the patricians of the Indian bar in the market of civic virtue). Geneses: Sciences Sociales et Histoire 45:6990.CrossRefGoogle Scholar
Dezalay, Yves, and Garth, Bryant G. 2001b. The Big Five Versus Big Law: Confrontational Rhetoric in the Service of Legitimating Shifting Relationships between Business and Law. In The Internationalization of the Practice of Law, ed. Drolshammer, J. and Pfeifer, M. The Hague: Kluwer Law International.Google Scholar
Dezalay, Yves, and Garth, Bryant G. 2002. The Internationalization of Palace Wars: Lawyers, Economists, and the Contest to Transform Latin American States. Chicago: University of Chicago Press. Endlich, Lisa. 1999. Goldman Sachs: The Culture of Success. New York: A. A. Knopf. Fischel, Daniel. 2000. Multidisciplinary Practice. Paper given at University of Chicago Law and Economics Workshop, Chicago, 8 February.CrossRefGoogle Scholar
Galanter, Marc, and Palay, Thomas 1991. Tournament of Lawyers: The Transformation of the Big Law Firm. Chicago: University of Chicago Press.Google Scholar
Garth, Bryant, and Silver, Carole 2002. The MDP Challenge in the Context of Globalization. Case Western Law Review 52:903–42.Google Scholar
Gordon, Robert 1984-The Ideal and the Actual in the Law: Fantasies and Practices of New York City Lawyers, 1870–1910. In The New High Priests: Lawyers in Post-Civil War America, ed. Gawalt, Gerald Greenwood Press.Google Scholar
Grose, Peter 1996. Continuing the Inquiry: The Council on Foreign Relations from 1921 to 1996. New York: Council of Foreign Relations Press.Google Scholar
Heinz, John, and Laumann, Edward 1982. Chicago Lawyers: The Social Structure of the Bar. New York: Russell Sage Foundation.Google Scholar
Heinz, John P., Nelson, Robert L., and Laumann, Edward O. 2001. The Scale of Justice: Observations on the Transformation of Urban Law Practice. Annual Review of Sociology: 27:337–62.CrossRefGoogle Scholar
Kantorowicz, E. 1961. Kingship Under the Impact of Scientific Jurisprudence. In Twelfth-Century Europe and the Foundation of Modern Society, ed. Clagett, M., Post, G., and Reynolds, R. Madison: University of Wisconsin Press.Google Scholar
Lemann, Nicholas 1999. Kids in the Conference Room. New Yorker, 18 and 25, October.Google Scholar
Lisagor, Nancy, and Lipsius, Frank 1988. A Law Unto Itself: The Untold Story of the Law Firm Sullivan & Cromwell. New York: Morrow.Google Scholar
Luban, David 1999. Asking the Right Questions. Temple University Law Review 72:839–55.Google Scholar
McKenna, Christopher D. 2000. The World's Newest Profession: Management Consulting in the Twentieth Century. PhD diss., Johns Hopkins University.Google Scholar
Morris, John E. 1998. King Arthur's March on Europe. American Lawyer, June, 48. New York State Bar Association. Preserving the Core Values of the American Legal Profession. 2000. Report of the New York State Bar Association Special Committee on the Law Governing Firm Structure and Organization, 20 April.Google Scholar
Powell, Michael J. 1988. From Patrician to Professional Elite: The Transformation of the New York City Bar Association. New York: Russell Sage Foundation.Google Scholar
Stevens, Mark 1991. The Big Six. New York: Simon and Schuster.Google Scholar
Sugarman, David 1995. Who Colonized Whom? Historical Reflections on the Intersection between Law, Lawyers, and Accountants. In Professional Competition and Professional Power: Lawyers, Accountants, and the Social Construction of Markets, ed. Dezalay, Yves and Sugarman, David London: Routledge.Google Scholar
Veenswijk, Virginia Kays 1994. Coudert Brothers: A Legacy in Law–The History of America's First International Law Firm, 18531993. New York: Truman Talley Books/Dutton.Google Scholar
27
Cited by

Send article to Kindle

To send this article to your Kindle, first ensure no-reply@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about sending to your Kindle. Find out more about sending to your Kindle.

Note you can select to send to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be sent to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

The Confrontation between the Big Five and Big Law: Turf Battles and Ethical Debates as Contests for Professional Credibility
Available formats
×

Send article to Dropbox

To send this article to your Dropbox account, please select one or more formats and confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your <service> account. Find out more about sending content to Dropbox.

The Confrontation between the Big Five and Big Law: Turf Battles and Ethical Debates as Contests for Professional Credibility
Available formats
×

Send article to Google Drive

To send this article to your Google Drive account, please select one or more formats and confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your <service> account. Find out more about sending content to Google Drive.

The Confrontation between the Big Five and Big Law: Turf Battles and Ethical Debates as Contests for Professional Credibility
Available formats
×
×

Reply to: Submit a response

Please enter your response.

Your details

Please enter a valid email address.

Conflicting interests

Do you have any conflicting interests? *