Accountancy giants Ernst & Young (E&Y) and Deloitte & Touche have emerged as the main beneficiaries of the break-up of Andersen Legal (AL), securing the bulk of the network’s core European practice ahead of rivals KPMG and PricewaterhouseCoopers (PwC).
In France, AL’s second-largest practice and one of its most respected national arms, entered into an alliance with HSD E&Y on 16 April, with a full merger planned following E&Y’s takeover of Andersen’s French audit and tax practice. The merger will give E&Y a practice of more than 1,000 French lawyers and provide a major boost to the firm’s legal network.
