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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....
...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....
...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....
...The company cancelled its secondary listing on Euronext Dublin in January in favour of admitting its shares to trading in New York, freeing the company from EU rotation requirements, as such rules do not...
...*Ignites is a news service published by FT Specialist for professionals working in the asset management industry. Trials and subscriptions are available at ignites.com....
...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....
...Growth for T Rowe, which has $1.4tn under management, is not expected to turn positive until 2025 at the earliest, the company said....
...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....
...The succession comes at a turbulent time for the professional services sector....
...MainFT has previously reported the company’s history of run-ins with regulators....
...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...
...Don’t we advise companies on this?”...
...services industry has swung to historic lows....
...“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....
...Already our membership includes companies such as HSBC, Nationwide, Aviva and Barclays. They’re upping their game and others need to follow....
...Company officials over the past year have attempted to cut down costs with two rounds of lay-offs....
...providing those same services to other companies....
...) among all awarded companies in each sector and service area received a gold rating...
...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....
...It follows a broader trend in professional services....
...The Dutch arm of KPMG was on Wednesday fined $25mn by the Public Company Accounting Oversight Board, the largest penalty in the US audit regulator’s history....
...The overall slowdown in growth came against a backdrop of a tougher economic environment and a decline in dealmaking, which has hit demand for some services at accounting and consulting firms across the...
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