Episode 5. Global Episode: Israel, the Most Lawyers per Capita Worldwide – An Interview with Philip Stein of Philip Stein&Associates (Israel) - a podcast by Jeremy E. Poock, Esq.

In this first global edition of the Senior Attorney Match Podcast, Philip Stein provides his perspective of the growing legal market in Israel as the President & CEO of Philip Stein & Assoc., the largest U.S. accounting firm in Israel (www.pstein.com). Originally from Chicago and educated at the University of Michigan (MBA), Philip founded Philip Stein & Assoc. in 1979 in Israel. Philip explains the progression of Israel’s legal market from the Dot Com Era during the 1990’s through Israel achieving its status as the Start-up Nation in the early 21st Century. Boasting the highest number of lawyers per capita of any country worldwide, the number of lawyers in Israel has increased from approximately 11,000 in 1990 to over 54,000 in 2020. Philip addresses a current tax tip for Israel-based start-ups to consider organizing their companies in the U.S. based upon Internal Revenue Code (IRC) Sec. 1202. And, Philip discusses that Israeli law firms lack a standard retirement model and continue to need options for Baby Boomer partners seeking to partially or fully retire.

Philip Stein & Assoc. provides tax and accounting services to individuals and businesses with a focus on Israeli start-ups seeking to enter the U.S market, or establish a U.S. subsidiary. The company prides itself on finding innovative solutions for its clients’ U.S. tax needs by utilizing its expertise and detailed knowledge of both U.S. and Israeli tax law. Philip Stein hosts the podcast, “From the Midwest to the Middle East,” which highlights amazing companies that drive the Israeli economy and have “no end to new ideas.” (https://www.pstein.com/podcasts/)

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