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...H&F’s investment also underscores the growing interest of private equity in professional services firms, and represents a return to large-scale dealmaking in the US accounting sector after a hiatus caused...
...The firm legally became a corporation at the beginning of last month, turning its 860 partners into employee-shareholders, although they continue to use the term “partner”....
...the hands of wealthy corporations....
...Private equity dealmakers have cast a wide net across white-collar professional partnerships in recent years....
...It was cited by BDO USA’s switch from a partnership to a corporation. This was followed by $1.3bn in debt financing from Apollo Global Management to fund purchases of shares by a new employee trust....
...*Ignites Asia is a news service published by FT Specialist for professionals working in the asset management industry. Trials and subscriptions are available at ignitesasia.com....
...Resources Corporation....
...Attention now turns to how Sternfels will respond to complaints that he has concentrated decision-making in too few hands and has run McKinsey more like a corporation than the collegial partnership of old...
...All but one in effect provided a road map on how to launder the money through shell corporations....
...Brian Becker, managing partner at RSM US, said the firm had ruled out becoming an employee-owned corporation, like BDO, or taking an investment from private equity, as other US accounting firms have done...
...Matthew Porter, chief executive of the Professional Darts Corporation, said the company was looking to boost the sport’s international profile after coming close to saturation point in the UK, its main market...
...spy on corporations....
...In March, it also suspended the closure of BBC Singers, the UK’s only full-time professional chamber choir, after a global outcry....
...The restructuring, codenamed Project Magnolia, was designed to protect partner profits at the 45,000-person firm, but some felt it was mishandled by an organisation whose stock in trade is advising corporations...
...The City of London Corporation on Thursday published a report containing proposals for a government and financial and professional services council to support the local authority’s proposals to expand the...
...membership network for professionals of colour....
...Adam SilversteinMemberOtterbourg Over the past year, Adam Silverstein has played a crucial role in clamping down on big corporations deploying the so-called Texas two-step, whereby a company facing mass...
...UK law firm Allen & Overy is selling its legal tech business aosphere to private equity, the latest in a series of deals between large corporations and investment groups....
...This was three times more than the second top issue selected by 19 per cent of contractors, which was to see the recent increase to corporation tax reversed....
...corporations....
...“Over the last 10 years, especially with [the murder of] George Floyd — the tragedy of that — we saw corporations initiating racially exclusive hiring promotion policies, policies in which managers’ bonuses...
...The media and data group is betting that the technology will transform rather than undermine its business of supplying information to lawyers, accountants and other professionals....
...The firm, the sixth-largest in the US, is switching this weekend to a professional services corporation, a designation more akin to a typical company....
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