Ernst & Young GC: Adding value

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  • How strange that there is no mention of the previous attempts to set up a law practice by each of these firms in the UK in around 2000. In EY's case this ended in an expensive embarassment (reputedly costing between 5 and 10 million, mainly spent on paying the partners they took on and the firm which took over the rump of the business). EY at that time had failed to appreciate the difficulty of competing with established names in the market, or the reluctance of in-house legal directors to take the risk of breaking with convention.

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  • EY and BMR both have already opened their legal arm in Mumbai and Gurgaon working in the name and style of PDS Legal and BMR Legal, respectively. Both are doing well, especially BMR is rocking right now with closing deals one after another. PDS is more into litigation.

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