James Libson, managing partner of the prominent law firm Mishcon de Reya, has issued a stern warning about the proposed tax rises on limited liability partnerships LLPs set to be
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PwC has reduced its global headcount for the first time since 2010, marking a significant change in direction for the Big Four professional services firm. The cut in staff numbers
The mid-market accountancy firm Xeinadin is preparing for a potential sale that could fetch over £800 million. This move comes as private equity-backed deals continue to rise in the professional
Alvarez & Marsal, the New York-based professional services giant, has placed its potential value at up to $18 billion in a private presentation to its partners. The valuation, revealed during
The UK’s leading accountancy firms have dramatically reduced their graduate intake and trimmed staff numbers beyond official redundancy programmes as they grapple with a sustained downturn in professional services demand.
Global consultancy giant Deloitte has launched legal proceedings against three prominent Asian partners, including a senior Chinese executive, over allegations of orchestrating a mass defection whilst attempting to misappropriate confidential
Britain’s EY is preparing to slash 150 senior consulting positions as the professional services giant grapples with declining demand for advisory services. The cuts will primarily impact the firm’s consulting
The UK’s professional services sector has established itself as a crucial catalyst for economic growth in 2024, demonstrating remarkable resilience whilst other sectors face mounting challenges. Official data reveals the
In a significant financial development, PwC partners are confronting a substantial increase in their National Insurance contributions following Rachel Reeves’ recent budget announcement. The UK’s largest auditor will need to
In a significant shift within the professional services sector, two prominent US accounting firms have been acquired by private equity investors, marking a continuation of the industry’s consolidation trend. Bahrain-headquartered
Elite American law firms in London are pushing their junior solicitors to unprecedented limits, with working weeks routinely exceeding 70 hours in exchange for starting salaries surpassing £170,000. Research conducted
In the wake of the Covid-19 pandemic, the job market has experienced a significant shift from the “Great Resignation” to what can now be described as the “Great Retention”. As
The UK arm of Grant Thornton, which is Britain’s sixth-largest accountancy firm, has attracted interest from major private equity firms CVC and KKR. Sources indicate that CVC, known for owning
