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Despite the shortfall, effective tax rates of multinationals have seen a ‘statistically significant rise’
Partner payouts could also be reduced by a fifth, it has been reported
While rarely the sole driver of a combination, tax is becoming an increasingly important part of firms' efforts to keep up with client expectations
The firm has hired a team of private client lawyers from Withers to launch in New York and Connecticut, though ITR analysis suggests it faces stiff competition
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