Latest
Firms fume as Finance hits damage control in pricing email stuff-up
The Finance Department said the confidential pricing it accidentally emailed to 236 consulting firms was old and that bidders didn’t rely on these fees anyway.
- 1 hr ago
- Edmund Tadros, Tom Burton and Ronald Mizen
Australian law firms beating US, UK on M&A
The Australian legal market far outpaced the US and UK in its recovery from a post-pandemic slump, but M&A concerns remain.
- Maxim Shanahan
Class action juggernaut with $800m war chest is here
Global class action law firm Pogust Goodhead is chasing BHP over its role in the Samarco mine disaster in Brazil, and the firm says it has more local companies in its sights.
- Maxim Shanahan
Releasing international tax leak report unfair, dangerous: PwC
PwC Australia believes authorities have the evidence they require to conduct their own investigations into the actions of overseas partners involved in the tax leaks scandal.
- Edmund Tadros
Inside the Big Four’s private Zoom conclave
The Business Council of Australia convened the executives from the major professional services firm for some feedback on the past 12 months.
- Mark Di Stefano
Data Trackers
Financial Review consulting salary guide 2022-23
The full guide to how much you can earn at Accenture, Deloitte, KPMG and PwC.
- Edmund Tadros
PwC seeks absolution but can it really change?
The publication of two documents and a video apology for the tax leaks scandal this week was meant to be a circuit breaker. But it won’t be that easy.
- Edmund Tadros
Professional Moves
Corrs partner jumps to Ashurst, where firm ‘walks the talk’ on gender
Corrs’ former head of gender equality Felicity Healy said Ashurst’s superior record on promoting women played a role in her decision to join the global firm.
- Maxim Shanahan
Former PwC partner Kylie Watson moves to DXC Technology
Veteran cybersecurity expert Kylie Watson has moved from PwC to DXC Technology as the partner departures continue at the embattled big four consulting firm.
- Edmund Tadros
- Exclusive
- Legal industry
Freehills gets new M&A head as Gilbert + Tobin goes west
M&A partner Matthew FitzGerald will lead Herbert Smith Freehills’ corporate division from May, while Gilbert + Tobin has acquired a Perth-based boutique firm.
- Updated
- Maxim Shanahan
This Month
Corrs tries to front-run the news
The law firm sent a detailed email to staff warning them over coming media coverage, particularly the departure of a star partner.
- Mark Di Stefano
ASIC polices only a ‘sliver’ of big four firm activities
The frank description of ASIC’s limited powers comes as outgoing Tax Commissioner Chris Jordan recommends the big four partnerships be brought under federal corporate laws.
- Edmund Tadros
Corrs partner jumps to Ashurst, where firm ‘walks the talk’ on gender
Corrs’ former head of gender equality Felicity Healy said Ashurst’s superior record on promoting women played a role in her decision to join the global firm.
- Maxim Shanahan
- Exclusive
- PwC tax scandal
VC fund pulls $2.5m from firm of former PwC boss Luke Sayers
US-based venture capital fund McLaren Strategic Ventures will reduce its investment in the consultancy set up by the former PwC chief Luke Sayers by $2.5 million.
- Patrick Durkin and Edmund Tadros
CVC approach at $1.60 puts APM in play
The question is at what price does APM accept its new reality.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Court permanently blocks use of HWL Ebsworth hack data
The law firm succeeded in making permanent a court order that prevents the use of stolen data, as the size of the hack means lost documents have not been itemised.
- Maxim Shanahan
The $100m Corrs CEO on why the firm’s salaries are not ‘out of whack’
Corrs CEO Gavin MacLaren was ‘happy’ to accept a contract extension but says his pay is not set in stone – ‘ultimately, it depends on how the firm performs’.
- Michael Pelly
Latham & Watkins bars Hong Kong lawyers from international databases
The world’s second-highest-grossing law firm has acted as data security laws in the Chinese territory look set to be strengthened.
- Chan Ho-him, Kaye Wiggins and Suzi Ring
- Sponsored
- AICD
Staying at the forefront of contemporary governance
Boards of directors are tasked with keeping it real at Australia’s corporations and not-for-profit organisations
Sponsored
by AICD
Offshore tax leaks went beyond the ‘dirty six’, Senate told
The Tax Practitioners Board investigation is now targeting international partners who shared leaked emails.
- Neil Chenoweth
Police probe into PwC tax leaks goes international
The AFP investigation into the PwC tax leaks scandal has extended to the force making overseas inquiries, a Senate estimates hearing has been told.
- Edmund Tadros
- Opinion
- ATO
No one is responsible for $2b GST debacle
Two years of committee meetings, $2 billion lost and still the ATO doesn’t know who should have picked up the fraud assigned to Operation Protego.
- Neil Chenoweth
Scyne rejected two PwC executives over tax leaks scandal
Andrew Greenwood, who ran the tough vetting process for spin-off Scyne Advisory, says the pair did not bring “inquiring minds” to what was happening at PwC.
- Edmund Tadros
PwC, Scyne leaders reveal their pay packets
PwC Australia CEO Kevin Burrowes earns almost half the amount earned by his predecessor Tom Seymour.
- Edmund Tadros
Former EY execs form new advisory firm aimed at social services
A former EY partner and director have teamed up to launch a new boutique firm aimed at helping community sector organisations and social service outfits improve their operations.
- Edmund Tadros
Former PwC partner Kylie Watson moves to DXC Technology
Veteran cybersecurity expert Kylie Watson has moved from PwC to DXC Technology as the partner departures continue at the embattled big four consulting firm.
- Edmund Tadros
EY took on $1.1b in debt for doomed spin-off plan
EY piled more than $US700 million of extra debt onto its global operating business to deal with the costs of the so-called Everest plan, new accounts show.
- Stephen Foley and Simon Foy
PwC bans partners using income splitting tax strategy
The firm has become the second of the big four to prohibit using so-called Everett assignments that let partners assign some of their stake to family members.
- Edmund Tadros
Investment banks circle sinking APM; pitch to sponsors
APM boss Michael Anghie knows his way around a private equity buyout and won’t be lifting the business’ bonnet to just anyone who knocks on the door.
- Sarah Thompson, Kanika Sood and Emma Rapaport
PwC CEO wants power to strip ex-partners of $140k-a-year payments
PwC Australia CEO Kevin Burrowes is seeking the power to strip former partners of retirement payments if they are found to have done the wrong thing.
- Edmund Tadros
