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We examine how senior in-house lawyers are adapting to new business needs in a monthly series. This time: ethical dilemmas
...Wirecard’s administrator and former shareholders have accused EY of failing in its professional duties, and have filed lawsuits claiming billions of euros in compensation....
...Griggs said that having tax under one umbrella reflected how clients bought services from PwC....
...From customer service chatbots to data migration and overhauling research and development in healthcare, Schweizer said BCG is helping companies use AI to cut costs and increase productivity....
...Should the professional service firm be sentenced to pay damages to Wirecard shareholders, it could shift its existing audit business into the new entity and declare the old one insolvent, he warned....
Gambling group retains long-standing auditor KPMG as EU rotation requirements do not exist for New York listed companies
...The approach underlines private equity interest in the sector and comes after several firms made investments in professional services businesses in the US and Europe....
...services industry has swung to historic lows....
...Their ability to do business in the country is in large part owing to an exemption for companies being allowed to offer professional services to their own subsidiaries in Russia, while being banned from...
...Anyway the company just announced it had completed a private placement of $160mn in convertible senior notes to raise cash for the bondholders’ acceleration demand....
...“We are in a new era of realising that these partnerships have attractive alternatives,” said Peter Munzig, a partner at TPG, one of the most active dealmakers in professional services....
...A report on diversity within law firms published in January by the National Association for Law Placement also found that the percentage of people of colour represented among summer associates decreased...
...Temporary placements were also hit, however, as Hays “did not see our normal seasonal step-up in worker volumes”....
...But as well as big banks, professional services specialists such as law firms and public relations companies have also been slower, citing concerns such as the tax implications of moving partners into a...
...US-based job search platform Indeed counts 350mn unique visitors a month and LinkedIn, the world’s largest professional network, reports that 62mn of its more than 950mn registered users visit its jobs pages...
...Two years ago, the City’s professional services firms couldn’t hold on to their staff. Now, they can’t get rid of them....
...The succession comes at a turbulent time for the professional services sector....
...The sharp decline in attrition is a phenomenon across professional services firms and around the world, compounding the effect of a slowdown from the post-pandemic boom in advisory work on digital services...
...Richard Moorhead, a professor of law and professional ethics at the University of Exeter, says matters should be reported “up the ladder” and that general counsel need to act as a “moral compass” within...
...This is a critical challenge in financial services....
...Home Depot has struck one of its biggest-ever deals to acquire speciality building products supplier SRS Distribution in a move that could boost its faster-growing professional services business....
Meet Ben F orgers (we wish we were making this up)
...It follows a broader trend in professional services....
...) among all awarded companies in each sector and service area received a gold rating...
...EY made “grave” and “repeated” violations of professional duties in its audits of defunct payments firm Wirecard, Germany’s audit watchdog Apas concluded on Friday....
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