证券中介服务机构作为资本市场“看门人”的功能正普遍受到强调。在综合借鉴境外实践基础上,我国现在采取了“严格的保荐人牵头责任”模式,然而在审查范围、尽职标准、责任划分上问题不少。律师事务所的特殊性目前尚未得到足够重视。在证券中介机构与发行人/上市公司之间,宜坚持连带责任原则,但应明确前者的免责事由;在各中介机构之间,独立判断基础上的分工合作及区分责任或是更好的选择。 The function of securities brokerage firms as capital markets “gatekeepers ” is generally underlined. Based on a comprehensive reference of overseas practices, our country now adopts a “strict lead sponsor sponsorship” mode, however, there are many problems in the scope of examination, standards of due diligence and division of responsibilities. The particularity of law firms is not yet given enough attention. Between the securities intermediary and the issuer / listed company, should adhere to the principle of joint liability, but should be clear the former exemption; the intermediary agencies in the independent judgments based on the division of labor and division of responsibilities on the basis of distinction or a better choice .