Tag Archives: PwC

PWC Building / Oslo

Five Lawyers to Start PwC Branded Law Firm

Five Lawyers to Start PwC Branded Law Firm

Five lawyers from around the world are moving to Washington, D.C. to provide legal services for a newly formed PricewaterhouseCooper branded law firm. The firm, called ILC Legal, marks PwC’s latest expansion into the market for legal services after taking over a large group of tax lawyers from General Electric in April. The firm will

Robert Moritz, chairman of PricewaterhouseCoopers (PwC) International Ltd., speaks on the third day of Mobile World Congress (MWC) in Barcelona, Spain, on Wednesday, March 1, 2017. A theme this year at the industry's annual get-together, which runs through March 2, is the Internet of Things. Photographer: Chris Ratcliffe/Bloomberg

PwC Fined $6.6 Million in Largest-Ever Penalty From Watchdog 

By Suzi Ring, Bloomberg News PricewaterhouseCoopers LLP was fined 5.1 million pounds ($6.6 million) for misconduct over its audit of RSM Tenon Group Plc in the largest-ever sanction issued by the U.K. accounting regulator. The Financial Reporting Council announced the fine Wednesday, along with penalties against Nicholas Boden, a senior PwC audit partner. The misconduct

Photographer: Martin Divisek/Bloomberg

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

In a move that illustrates how the professional services market is changing, about half of General Electric’s tax department — once described as as ‘the world’s best tax law firm’ — is moving to PwC in April. Under the deal, about 600 people — the majority said to be lawyers or accountants — were offered positions at PwC where they

Photographer: Chris Ratcliffe/Bloomberg

Oscars Blunder Adds Risk for PwC Defense at MF Global Trial

By Bob Van Voris, Bloomberg News PricewaterhouseCoopers LLP’s epic screw-up at the Oscars could carry a high cost if jurors arrive at a malpractice trial next week suspecting the global accounting firm is error-prone. Until a PwC accountant handed Warren Beatty the wrong envelope for the Best Picture award, its lawyers only had to worry about adversary MF

Photographer: Alessandro Della Bella/Bloomberg

FIFA Appoints Chief Compliance Officer, Hires PwC

For the first time in its history, the global soccer organization FIFA announced on Friday it has created a chief compliance officer position and hired a U.S.-educated lawyer to fill the newly minted role. Edward Hanover, who obtained his law degree from Georgetown University Law Center in 2000, has been based in Singpapore for the past year, working as

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Wake Up Call: Reed Smith Makes Moves in Asia

• Reed Smith has hired Hong Kong capital markets partner Gregory Wang from Morrison & Foerster and two local dispute resolution partners in Singapore, getting Calvin Chan from Skadden Arps Slate Meagher & Flom and Kohe Hasan from Oon & Bazul. (The Lawyer) • PwC Legal, PricewaterhouseCoopers’ law firm, has announced 41 million pounds ($62.6 million) revenue for the financial year ending June 30, up

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Wake Up Call: No One Questioned Backdated Checks at Dewey

Below is a list of the top news in the legal industry: • “A former Dewey & LeBoeuf client relations manager Suzanna Sanchez testified Wednesday that partners at the now-defunct firm knew she was looking for backdated checks in order to meet year-end collections targets, but that few questioned the activity.” (American Lawyer) •Herbert Smith

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Porter’s Five Forces – Threat of Substitutes

Editor’s Note: The author of this post is a law firm consultant with Fairfax Associates. By Lisa Smith, Principal, Fairfax Associates I’ve been exploring the relevance of Porter’s Five Forces in recent blog posts. One of those forces – Threat of Substitutes – has the potential to be a disruptor for the legal industry. While

PWC Building / Oslo

The Big 4 Are Putting Down Roots in the Legal Sector

Editor’s Note: The author of this post is a partner at the Australian-based Beaton Capital, a law firm and professional consultancy. By Warren Riddell, of Beaton Capital Can the Big 4 succeed in law this time? Any coyness about the Big 4 returning to law has been lifted. They are all at it again – at

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