Taxand, the alliance of tax boutiques born out of the ashes of Andersen Legal, has welcomed 10 new firms to its network, including UK firm Chiltern.
While initially working towards doubling its size in 18 months, Taxand has achieved its aim in just six months and is hoping to secure one more member firm imminently.
David Pert of UK firm Chiltern explained that part of the plan was for Taxand to become “the name on everybody’s lips”.
Commenting on Taxand’s rapid growth, Frederic Donnedieu de Vabres, who launched French firm Arsene after Andersen Legal merged with Ernst & Young in 2002, said: “The need is so evident due to the constraint of the big four. This is just the starting point.”
Taxand plans to launch in Canada, China, Latin America and the Netherlands.
The 10 new members are: Bruchou Fernández Madero Lombardi & Mitrani in Argentina; AB Partners BVBA in Belgium; Barbosa Müssnich & Aragão Advogados in Brazil; PB&Co in Indonesia; Avanzia Tax Advisors in Malta; Multiconsult in Mauritius; Mijares Angoitia Cortés y Fuentes in Mexico; Zaragoza & Alvarado in Porto Rico; Chiltern in the UK; and an undisclosed firm in Poland.
Taxand now has 1,000 tax advisers, including 170 partners, and its client list includes Morgan Stanley and GE.
Taxand partners met last week in New York to implement an action plan to be followed by the 19 member countries. In particular, the action plan covered four main areas – development, knowledge, marketing and training.
Six board members were also elected for a two-year mandate and will feature Frederic Donnedieu de Vabres from Arsene; Ricardo Gomez from Garrigues; John Willmott from Chiltern; Kristin Fonseca from Alvarez & Marsal; Alex Sulkowski from Atoz; and Mukesh Butani from BMR & Associates.