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EY buys out Thomson Reuters legal services


Big 4 firm EY has acquired Pangea3 Legal Managed Services from Thomson Reuters. This deal continues the expansion of EY Law Practices.

During its time at Reuters, Pangea3 grew to more than 1,000 legal professionals and operated across three continents. EY hopes the acquisition will improve its legal services offering, particularly when it comes to lifecycle management, regulatory risk and litigation.

This acquisition follows a pattern. EY bought Riverview Law in August 2018 and appointed tax specialist Chris Price CEO of the practice. The firm now has more than 2,400 lawyers active in 84 countries.

The Big 4 have each expanded into legal services over the last several years. PwC was the first to pursue an alternative business structure license in 2013, but EY and KPMG soon followed. Deloitte caught up in 2018.

more across site & bottom lb ros

More from across our site

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Two months since EU political agreement on pillar two and few member states have made progress on new national laws, but the arrival of OECD technical guidance should quicken the pace. Ralph Cunningham reports.
It’s one of the great ironies of recent history that a populist Republican may have helped make international tax policy more progressive.
Lawmakers have up to 120 days to decide the future of Brazil’s unique transfer pricing rules, but many taxpayers are wary of radical change.
Shell reports profits of £32.2 billion, prompting calls for higher taxes on energy companies, while the IMF warns Australia to raise taxes to sustain public spending.
Governments now have the final OECD guidance on how to implement the 15% global minimum corporate tax rate.
The Indian company, which is contesting the bill, has a family connection to UK Prime Minister Rishi Sunak – whose government has just been hit by a tax scandal.
Developments included calls for tax reform in Malaysia and the US, concerns about the level of the VAT threshold in the UK, Ukraine’s preparations for EU accession, and more.
A steady stream of countries has announced steps towards implementing pillar two, but Korea has got there first. Ralph Cunningham finds out what tax executives should do next.
The BEPS Monitoring Group has found a rare point of agreement with business bodies advocating an EU-wide one-stop-shop for compliance under BEFIT.