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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
...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....
...Griggs said that having tax under one umbrella reflected how clients bought services from PwC....
...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....
...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...
...“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....
...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...
...The awards event took place at Gotham Hall, New York on December 4, hosted by FT Live in association with research partner RSGI....
...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....
...Two years ago, the City’s professional services firms couldn’t hold on to their staff. Now, they can’t get rid of them....
...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...
...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...
...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...
...The UK business of professional services firm KPMG revealed this in a groundbreaking analysis of the career paths of 16,500 of its partners and employees it published just over a year ago....
...Apas, the watchdog, last year concluded that EY violated its professional duties “during the audits of Wirecard and Wirecard Bank from 2016 to 2018”....
...For now, at least, people remain pre-eminent in professional services firms. Private equity’s interest is not the only change challenging the partnership ethos....
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