Global accountancy firm EY has been granted an alternative business structure (ABS) licence enabling it to offer legal services in the UK. Its entry into the UK legal market follows that of accountancy giants PwC and KPMG, both of which were granted ABS licences earlier this year. EY’s worldwide legal practice already has more than 1,000 people in 60 jurisdictions. It will provide corporate, commercial, employment and financial services legal advice. UK chair Steve Varley says: “We are offering something new.”
04 December 2014
EY granted alternative business structure licence
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NEWS
Cheshire West, which established an ‘acid test’ for deprivation of liberty safeguards, has been overturned by the Supreme Court
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Law firms that hold client money will need to file annual accountants’ reports and make a declaration, the Solicitors Regulation Authority (SRA) confirmed this week
Two district judges and a tribunal judge have been sanctioned for delays in delivering judgments and orders
Private equity (PE) investment into UK law firms halved to £250m last year, but deal volume rose, according to research by Acquira Professional Services’ Momentum private equity market tracker
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