The accountants are at it again. EY has become the latest to plan the launch of a legal arm in the UK. The auditor has appointed former Addleshaw Goddard corporate managing partner Phillip Goodstone to do just that.
Just last week PricewaterhouseCooper’s legal arm, PWC Legal, pledged to be a top 20 global legal services business in five years.
Now EY are on track too – it’s thought to be in the process of being authorised as an alternative business structure (ABS), hot on the heels of PWC Legal.
At EY he will be riding a wave of change. All the Big Four (well, perhaps not Deloitte) are itching to launch an ABS and lawyers need to sit up and take notice.
The accountants’ incursion into law may have kicked off a decade ago but now it’s back. The big question is, who will EY hire next?
Also on The Lawyer:
- A&O facing SRA contempt of court probe over Dahdaleh
- Irwin Mitchell taps trio of banks for £90m funding facility
- Clifford Chance names banking partner Robin Abraham as new Middle East head
- Skadden joins Seoul race with office launch
- A&O facing SRA probe over Dahdaleh bribery trial