Herbert Smith looks for closer ties with Big Four
Law firm considering no longer representing clients who are against accounting firms
Herbert Smith, the City law firm which acted for Equitable Life in its failed
£2.6bn negligence claim against Ernst & Young, is considering no longer
taking on clients who are suing the Big Four.
The Lawyer reported Herbert Smith senior partner David Gold as
saying that after careful consideration, the firm had decided work ‘even more
closely’ with the major accounting firms.
Herbert Smith has strong ties with PricewaterhouseCoopers and KPMG.
It advised PwC on the worldwide merger of Price Waterhouse and Coopers &
Lybrand, and the subsequent separation of PwC’s management consulting
businesses, as well as on the sale of KPMG’s consultancy business to Atos