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This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
In sharp contrast to PricewaterhouseCoopers (PwC) and Landwell, Ernst & Young (EY) chose to strengthen its ties with its legal network.
In June, Ernst & Young Law Alliance rebranded itself as EY Law following a lengthy strategic review. The new network, comprising more than 40 legal practices around the world, will focus predominantly on clients that are non-audit clients of EY.
However, Tite & Lewis, the English member of the original network, snubbed the new alliance, leaving EY Law without a legal member in the key London market (First revealed on Lawyer News Weekly, 18 June).
EY’s affiliated US firm McKee Nelson, a tax litigation specialist, also stayed out of the new network.
It was easy to see why EY decided to sideline audit because, unlike PwC, EY has the luxury of a relatively weak audit practice. However, if Tite & Lewis did not want to forge closer links with EY, why did it join the network in the first place?