KPMG’s move reverses the trend seen in the nineties, when big accountancy firms provided their clients with multidisciplinary services.
‘The new environment means that a different approach to legal services is required,’ said Mike Rake, chairman of KPMG International. ‘It will allow our member firms to focus their resources on expanding their audit, tax and advisory services.’
Deloitte confirmed to Accountancy Age that it was reviewing its links with affiliated legal practices.
PricewaterhouseCoopers said that it had already split with some overseas law firms, but in a statement confirmed its commitment to its UK law firm Landwell. ‘This is a professional relationship, which is in keeping with the current regulatory climate and in the best interests of its clients,’ it said.
HMRC breaches client confidentiality; and partner profits fall at EY. These stories and more discussed in Friday Afternoon Live
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
Six new partners have been revealed by top ten firm Mazars