Ey cuts jobs to retreat from the legal sector in the United Kingdom

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Ey restructuring its legal arm in the United Kingdom, which sparked a new round of discounts in jobs and accelerates the decline of Big Four from its previous ambition to take a larger segment of the profitable sector.

In a 12 -minute phone call on Tuesday, Ey The company’s lawyers in the United Kingdom told the company that the company is repairing its legal work and launching a repetition.

One of them near the company said that about 30 out of about 160 people working in law work in the United Kingdom will be affected by job discounts. Some jobs will be transferred to the centers in Manchester and Palfast, according to another person aware of the invitation.

While many in the industry expected that the four major companies for accounting and consulting – EY, Deloitte, KPMG and PWC – the market will disrupt when they created legal practices a decade ago, the group’s invasions were limited.

The restoration of the ministry in EY follows the previous discounts of jobs in its legal work in the United Kingdom, which falls within the company’s tax department, including Close the Ey Riverview Law Most of the Manchester -based business employees have been settled by the Accounting Company in 2018.

Ey Legal has decreased in recent years, as the practice included a 150-round round in December 2023, which also affected Ey-Parthenon, its strategy and transactions.

The discounts continued Through the company Last year, the consulting sector corresponds to a wider slowdown and high costs. EY employ 20,000 in its UK business, including taxes, scrutiny and consulting.

EY said that she “submitted proposals for restructuring the law works in the United Kingdom, by focusing on strategic areas with increasing compatibility with the wider EY business and providing integrated services to our customers.”

A company said that restructuring will enhance the legal capabilities of EY in the corporate law, the company’s secretariat, tax and immigration litigation, but “unfortunately, it reduces roles in other areas of the UK law.”

Ey in legal services began in 2014 when Big Four Company was granted a license to work as an alternative commercial structure (ABS), a group that was presented in the United Kingdom in 2011 to allow non -lawyers to own and manage attorneys and lawyers. KPMG and PWC also have ABS licenses that year.

As part of the Eye project from EY, a plan to divide the divisions and consulting consultations worldwide, the accounting group looked at expanding its legal practice significantly and talks were held in 2022 with a number of law firms in the United Kingdom about the plural, according to one person and knowledge of discussions.

Everest, who would have freed Al Ain Lawyers and Advisors from the rules of conflict of interests that prevent them from representing the company’s audit customers, was. It was abandoned in 2023.

Despite the lack of success in the UK, some of the four adults are now looking at opportunities in the United States with the opening of the market.

KPMG became the first group to practice law in the United States, which was approved after the Green Supreme Court of Arizona, which was requested in February.