"The nature of a multidisciplinary firm fosters collaboration. The common office space, with professionals working in close proximity to one another, provides each professional with a strong set of resources in the firm.

CS Executive · Setting Up of Business, Industrial and Labour Laws · PYQS · December 2025
"The nature of a multidisciplinary firm fosters collaboration. The common office space, with professionals working in close proximity to one another, provides each professional with a strong set of resources in the firm. In addition, this spirit of working together creates greater opportunity for collaboration so the total needs of the client are best met." What are the risks involved in forming of a multidisciplinary firm (MDF) ?

Answer & Explanation:

Risks Involved in Forming a Multidisciplinary Firm (MDF): Lack of understanding and multiplicity of directions to the staff could be disastrous. More cost on infrastructure and technology. Dominance of senior partners over the younger partners. Defining exit route is difficult. Lack of transparency may lead to disputes. If crack develops in mutual faith & trust, very difficult to cure. Communication gap between partners.

Topics: Setting Up of Business

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