France: The fight for survival
The once-indomitable Paris offices of the accountancy-tied firms have struggled to resist pressure to reform following Enron. Antony Collins reports
In a sector as conservative as the commercial legal market, it takes a lot to get people excited. Despite this, the exponential growth of the big five accountancy firms’ legal arms in the late 1990s caused more than a few ripples of panic. In France especially, the accountancy-tied firms were starting to dwarf their stand-alone competitors and looked set to represent something of a challenge to the Paris market.
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