Back in February Ernst & Young could scarcely contain its glee when it announced that it would be setting up an associated law firm after poaching two senior partners from PricewaterhouseCoopers’ tied law firm, Arnheim, Tite & Lewis.
Managing partner Christopher Tite and IT chief Mark Lewis jumped ship after six weeks of talks with E&Y chairman Nick Land.
The defections came as a second major blow for PwC, which set up the firm two and a half years ago.
Don’t forget the defections of Tite and Lewis followed the loss of six partners last year who left to set up KPMG’s law company KLegal.
E&Y formally launched the new firm in May using the somewhat familiar moniker Tite & Lewis.
But it was still bragging last week when senior partners resurfaced after a long period of self-imposed purdah following the hiving off of its consultancy arm to Cap Gemini.
Asked whether E&Y was planning to continue fishing in PwC’s pond for staff for the venture, E&Y’s client service managing partner Mike Cullen said it was simpler than that. ‘All we have to do is answer the phone,’ he told TS.
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.
Kevin Reed discusses whether new accountancy group Cogital can rival the Big Four...and its likely direction of travel