Bloomberg Law
March 15, 2017, 6:53 PM UTC

PwC’s Takeover of ‘The World’s Best Tax Law Firm’

Gabe Friedman
Freelancer

In a move that illustrates how the professional services market is changing, about half of General Electric’s tax department — once described asas ‘the world’s best tax law firm’ — is moving toPwC in April.

Under the deal, about 600 people — the majority said to be lawyers or accountants — were offered positions at PwC where they will handle GE’s tax work for at least five years. PwC will also be able to sell their advice to other clients as part of a packaged suite of other services that extend well beyond its traditional focus on accounting.

The deal is attracting attention not only because GE’s ...

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