Accounting firm Moore Stephens Australia has announced the launch of its new legal services division at its office in Melbourne.
In a statement, the accounting firm said that the division will enable a “multi-disciplinary approach” for its clientele and will be headed by Alex Nielsen, a former partner at Dentons with over 10 years of experience in corporate, tax, real estate, and asset management matters.
“The big four financial services firms have proven there is a desire from clients for a more holistic model, and like all good ideas, this eventually trickles down,” said Nielsen. “It’s an exciting opportunity to be one of the first in the mid-market space to evolve into this area, and it’s a chance to not only show Moore Stephens’ leadership but also create real value for our clients.”
Nielsen said that embedding legal expertise into Moore Stephens’ day-to-day services will facilitate a new perspective.
“Our accounting and business advisors have many high-quality relationships, and as a lawyer, it’s a rare privilege to become part of a client’s core team rather than being consulted on one-off matters,” he said. “This is a chance for clients to streamline the process while engaging multiple advisors to deepen our relationships with clients. It’s a single team, with a single client’s best interest in mind.”
Moore Stephens said that the division will initially leverage off its network and Nielsen’s expertise across a range of sectors. The firm will then monitor how the market responds to the new proposition as well as developing a more thorough understanding of how its clients consume legal services.