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PwC strikes ‘strategic alliance’ with US law firm

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Big Four’s assault on the legal market continues

London City

Accountancy giant PwC has strengthened its grip on the legal services sector today by announcing a “strategic alliance” with US law firm Fragomen, Del Rey, Bernsen and Loewy.

The Big Four outfit has confirmed it has entered into an agreement with New York-headquartered firm to enable collaboration and combined marketing efforts with respect to their immigration services in the US. Fragomen has over 550 lawyers across 16 offices and generated revenues in excess of £438 million during the last financial year.

According to the announcement, the rise in cross-border employee mobility, coupled with the current geopolitical landscape, makes immigration increasingly challenging. As a result, this is creating new compliance challenges for organisations as governments begin to track tax and immigration requirements on a more integrated basis, the statement adds.

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Julia Onslow-Cole, PwC UK partner and head of PwC’s global immigration practice, said:

“We are proud of our global immigration practice, which covers more than 170 countries. Making our respective immigration teams available to clients, particularly in the US, will provide an even deeper level of local insight. The PwC and Fragomen alliance will also facilitate more strategic, global insights on the impact of government policies on both corporate immigration and mobility.”

PwC’s legal arm bagged Alternative Business Structure (ABS) approval in 2015. Two years later it integrated its legal offering into PwC and now offers around 25 training contracts each year. Legal Cheek‘s First Most List shows newly qualified (NQ) London lawyers start on £63,000.

Today’s news comes just weeks after fellow Big Four player EY confirmed it had purchased legal innovation outfit Riverview Law. Speaking at the time, EY said the acquisition underlines its position “as a leading disruptor of legal services”.

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18 Comments

Anonymous

Anyone know what’s the NQ rate at Fragomen? Id rly like to work there

(3)(0)

Anonymous

£101.5k

(0)(0)

Anonymous

BS

(0)(0)

Anonymous

Really?

(0)(0)

Anonymous

Lexi

(0)(0)

Anonymous

The Big 4 are hell, we must resist this!!

(4)(2)

Anonymous

The Big 4 are hell, this must be resist this!!

(2)(1)

fuck this serious

“Fragomen, Del Rey, Bernsen and Loewy”

Also known as the firm that gives Cravath partners nightmares.

(14)(1)

PwC Trainee

NQ at PwC is £68k not £63k.

(4)(0)

CMS

HOWWWWWWWWW?????????!!!!!!

(6)(0)

Anonymous

Maybe because PwC have more resources than any UK law firm..

(3)(1)

Anonymous

But are far less profitable than any UK law firm. A partner at an MC firm shits all over some prissy little auditor

(5)(3)

US NQ

Cute.

(0)(1)

Anonymous

Brothers! Sisters!

I bring you fresh thinking from the Labour Party fringe!

Digital socialism will be implemented by Prime Minister Jeremy Corbyn in 2019!

All websites will have to share their profits with workers and users!

VOTE CORBYN! FOR THE MANY, NOT THE FEW!!!

(4)(8)

Anonymous

Because the Careers posts don’t allow comments I’m putting this here…

Natalie Kaminski’s piece about AI is wonderfully written. Her LC profile shows she’s an English grad. More proof that lawyers shouldn’t study law at university but should properly develop some core skills first.

More from her please.

(4)(3)

Anonymous

Thanks for that.

(2)(1)

Anonymous

Nice try. The answer is still “no”.

(4)(0)

Anonymous

But she’s make way more money if she just showed her tits off on love island, what a paradox

(2)(0)

Comments are closed.

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