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World Services Group
WSG, also branded as World Services Group, is a multidisciplinary professional services network of independent law, accounting and investment banking firms. It ranks as one of the largest among the more than 200 professional services networks in the world. WSG members are independent law, accounting and investment banking firms. According to the organization's website , WSG was formed in 2002 as a multidisciplinary network with the objective of bringing together professionals in a professional services network that creates business opportunities and relationships to better service their clients globally. Its members have more than 19,000 professionals in more than 100 countries in almost 400 offices. Its global headquarters are located in the Houston, Texas,〔WSG Retrieved on August 31, 2013.〕
==History==
Multidisciplinary professional services networks were an important phenomenon in the late 1990s and early part of 2000.〔American Bar Association Commission on Multidisciplinary Practices, Final Report, Appendix C, Reporter’s notes, July 2000〕 The Big 4 accounting firms were creating their own multidisciplinary networks by acquiring legal departments. Their objective was to share fees with the lawyers in the network. The shear potential of these potentially massive networks threatened independent law firms and questioned the whether or not it was a violation of the rules of legal ethics prohibiting fee sharing with non-lawyers.〔Jacobs, “Accounting Firms Covert Forbidden Fruit: Piece of the U.S. Legal Market", ''Wall Street Journal'', p.B1 (May 31, 2000)〕 After the fall of Enron, it became clear that a law firm controlled by an accounting firm and providing services to a common client contained an inherent conflict of interest. This led to the passage of Sarbanes–Oxley effectively prohibiting accounting firms from providing legal services through a controlled law firm. However, independent law and accounting firms creating networks in which no facilities and client profits were shared remained permissible〔Final Report, ABA Commission on Multidisciplinary Practice (2000) (Commission Report )〕 allowing a number of networks to take advantage of the availability of this exception for multidisciplinary networks.〔Perera, H. A. Rahman and S. Cahan “Globalization and the Major Accounting Firms” ''Australian Accounting Review'' 13(1) 27-37 (2003)〕 They included MSI Global Alliance〔(MSI Global Alliance ),〕 Morison International,〔(Morison International )〕 the Geneva Group〔(Geneva Group )〕 and World Services Group.〔(WSG )〕
Focus Today In 2010, the board made the decision focus on three services: legal, accounting and investment banking/financial services. Starting in 2014, members began to reevaluate the structure of the leadership within the organization. In September 2015 it was announced that Robert Falvey, chairman 2014-2015, would be entering into the brand new role as Global Ambassador. As the Global Ambassador, Robert serves a two year, part-time commitment, and will continue to build relationships with members, increase recruiting efforts and bring a focus to developing investment banking and accounting membership.
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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