Since 1982, Miami-based CPA and business advisory firm Watson Rice has worked with a neighboring accounting firm to fill its personnel needs in auditing engagements. That may not be so unusual, but what makes the relationship unique is the way the two firms have solidified the partnership - through a handshake.As unbelievable as that seems in today's litigious culture, another firm shares a similar experience.
Bill Pirolli, a partner at DiSanto Priest & Co., in Warwick, R.I., merged his small firm into a larger neighboring one after three years of what he described as a "courtship." When he moved his former firm, Pirolli, Deller & Conaty PC, into DiSanto Priest's location before the merger, there was a spatial contract, but how work would be relayed back and forth was done by a gentlemen's agreement, he said.
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