Deloittes seeks alliance with City law firm
Jim Copeland, chief executive at Deloitte & Touche Tohmatsu, has said the firm is seeking a formal, global alliance with a City legal practice.
Jim Copeland, chief executive at Deloitte & Touche Tohmatsu, has said the firm is seeking a formal, global alliance with a City legal practice.
Copeland was reported in the Sunday Times as saying he wanted a ‘legal partner with a strong brand name and international reach to help service clients more effectively’.
‘When we try to solve a client problem like a merger or acquisition we need a series of competencies all over the world. We can bring quite a few of them, but we need legal expertise as well,’ he added.
The legal alliance would see the law practice advising clients in specific service areas such as corporate finance and contract work. It would avoid the necessity of a full merger, something which worries regulators, who fear client service could suffer if a firm served too many companies.
An alliance, however, would mean the accountancy firm and the legal practice would maintain financial independence and the alliance would not be owned by either.
Links
Law firms ‘professionally outraged’ at opening doors to accountants
In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...
View resourceIn recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...
View resourceIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceThe first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...
View resourceGlobal spend on accountancy outsourcing up by 40% in the space of five years. News comes as accountancy outsourcing specialist AdvanceTrack reports en...
View articleFollowing a profitability review, Deloitte has decided to scale back its UK deals business due to lower returns. This strategic shift could lead to jo...
View articleUK-based Dow Schofield Watts (DSW), a mid-market professional services network, announced the creation of a new division called DSW Principal Partners...
View articleEY has been undergoing significant cost-cutting measures and streamlining its operations since the abandonment of Project Everest. The firm has made t...
View articleTransitioning from an accounting firm to a consultancy model is only one part of the puzzle. The next, equally vital piece is making the market aware ...
View articleThis framework, while providing a top-line view, underscores the importance of strategic vision, operational excellence, and the spirit of continuous ...
View articleLooking ahead, the Big 4 firms face a challenging year, with ongoing cost-of-living concerns, slow economic growth, rising geopolitical tensions, and ...
View articleLast month it was reported that Deloitte would be cutting approximately 1,200 jobs in the United States, making it the latest of the Big Four accounti...
View article