International Network Of Accountants And Lawyers - Need Of The Transnational Economy

In todays competitive Global economy, businesses whether Large

, medium size or Small are faced with a substantial amount of challenges when working with clients that transcend national boundaries. Each country has its own unique legal system and trading practice. Lacks of uniform standards across the Global business spectrum require that coordinated discussions between the interested parties. This requires the presence of an international accountant and legal network.

The members of IGAL (Intercontinental Grouping of Accountants and Lawyers) are qualified experts who can provide consultation to the clients and overcome the barriers of country specific professional practices. They provide valuable advice and the cutting edge knowledge required for the preparation and successful implementation of international business transactions.

IGAL embodies the spirit of cooperation and teamwork between the International group of lawyers. The members of this esteemed network of accountants and lawyers are well versed with the laws and practices of the countries where the clients have business interests. The members enjoy deep personal and professional relations and deliver the best professional advice. IGAL is a network of 99 independent firms spread over 45 countries with office at 123 locations. The area of expertise of the member law firms include company law, finance law, IP-law, competition law, employment law, litigation, mergers and acquisitions and tax law etc.

IGAL members are recruited after undergoing an extensive process involving scrutiny and professional checks including peer feedback and recommendations. Members submit a detailed application form and an on-site visit are conducted by an IGAL director or long-standing regional member. The selections process ensures that all member firms are capable of a high standard of work. The members have a basic requirement that the firm representatives are able to speak and correspond in English (being the global language). This is in addition to the local language.

IGAL members are required to attend regular meetings to build on the professional and personal rapport. IGAL organizes an International Annual Conference which is held in various locations throughout the world. In addition to this mid-term meetings are organized and various activities are held.

IGAL has a nominal annual fee that is used to spread the growth of the professional accounting and legal network.

by: Sanjana Sharma

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