The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... Read more
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.
Ernst & Young’s German law firm is set to hive off half of its Stuttgart office in order to comply with German rules on auditor independence.
Twenty out of 40 lawyers and notaries in the Stuttgart office will form a new firm, which will be totally independent of both Ernst & Young and EY Law Luther Menold. According to EY Law, the group will take with them a “significant proportion” of Ernst and Young’s German audit clients.
The remainder of the lawyers will stay at Luther Menold and advise Ernst & Young’s non-audit clients.
Luther Menold managing partner Stefan Kraus said: “The move is restricted to the Stuttgart office and is the result of the particular strength of the Ernst & Young audit practice in the city. It is agreed by all those involved.”