Latest
Elon Musk and the battle over who makes the rules for US companies
Lawyers, judges and legislators are locked in a war of words in Delaware, the legal home of more US corporations than any other state.
- Sujeet Indap
The Tax Office goes to war with Seymour as Sayers goes big
While PwC tax divisions was mired in a paper war with the ATO, it transformed from a conservative accounting firm to hard-charging, hard-drinking company.
- Edmund Tadros
- Opinion
- Rear Window
With friends like PwC, who needs enemies?
Kristin Stubbins does not seem assured her former employer necessarily has her best interests at heart.
- Max Mason
The emails that almost destroyed PwC Australia
Insiders thought it was a “joke” for PwC to both advise the government on tax reform while helping clients exploit those reforms. One meeting sent the Tax Office over the edge.
- Edmund Tadros
- Investigation
- PwC tax scandal
‘We couldn’t believe it’: Insiders reveal how PwC unravelled as scandal broke
The inside story of how PwC transformed from dull accountant into a sales-driven firm that would tear itself apart.
- Edmund Tadros
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
Rebel Corrs group seeks move to King & Wood Mallesons
Five partners in Corrs’ employment practice are in discussions to shift to rival firms, after some in the group voted against a controversial contract extension.
- Maxim Shanahan
Scyne hires from public service, new KPMG role for former OECD exec
Public sector consulting firm Scyne has appointed its first new managing director, while KPMG has brought on former Labor minister David Bradbury as a partner.
- Edmund Tadros and Tom McIlroy
Fastest-growing firm pledges ‘aggressive’ targeting of legal rivals
Global law firm HFW has booked record local revenue, and says it plans to target competitors for further growth.
- Maxim Shanahan
This Month
Ex-PwC chief Tom Seymour rewrites history
PwC had a stellar year (financially), even as its current and former CEOs sparred in parliament.
- Myriam Robin
PwC leaders at war over tax scandal
PwC’s former general counsel says she repeatedly advised then chief Luke Sayers and the governance board that legal professional privilege was being misused.
- Edmund Tadros and Maxim Shanahan
- Opinion
- PwC tax scandal
Penitence, bravado and rattling the PwC can
The firm’s alumni deploy the “I take full responsibility, it was all the other guy’s fault” defence.
- Neil Chenoweth
Sayers, Seymour round on Burrowes’ global role
Kevin Burrowes’ second role with PwC International, worth $1.2 million, was criticised by past CEOs who said it presented conflict issues and did not align with the firm’s values.
- Maxim Shanahan and Edmund Tadros
Top law firms locked in negotiations for lucrative panel
Corrs, HSF, KWM and MinterEllison are yet to be appointed to the federal government’s legal panel, more than a month after an initial announcement.
- Maxim Shanahan
PwC clears itself of misleading ATO on FIRB application
Three current and former PwC Australia CEOs will appear before parliament on Friday to testify about the firm’s tax leaks scandal .
- Edmund Tadros
Deals revival hands bumper profits to top UK law firms
Profits at Britain’s magic circle law firms increased significantly last financial year, driven by US expansion and a pick-up in mergers and acquisitions.
- Suzi Ring
Ex-Macquarie exec named PwC Australia’s first independent chairman
Company director and thriller writer John M. Green will take the role at PwC Australia as part of reforms following the firm’s tax leaks scandal.
- Edmund Tadros
July
$30m a year: how US lawyers are shaking up London’s ‘magic circle’
On the coat-tails of a private equity boom, American partnerships are bringing a long-hours, high-pay culture to the City. It’s not for the faint-hearted.
- Suzi Ring
The restructuring bigwig in line for the CFMEU gig
The federal government’s move to appoint an administrator to the CFMEU is surely one of the hottest tickets in town.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Rear Window
Rupert Murdoch’s family plan explodes
Project Harmony has hit the world’s rockiest succession plan like a tactical nuclear device.
- Neil Chenoweth
Rebel Corrs group seeks move to King & Wood Mallesons
Five partners in Corrs’ employment practice are in discussions to shift to rival firms, after some in the group voted against a controversial contract extension.
- Maxim Shanahan
Scyne to cut 90 jobs amid crunch on Canberra work
Those affected have had a tumultuous year, in which they were obligated to move to the start-up after the firesale only to find themselves unemployed again now.
- Edmund Tadros
HSF’s Australian division outpaces global firm
Herbert Smith Freehills’ Australian arm has booked revenue growth of 15 per cent, as profit per equity partner continues to rise.
- Maxim Shanahan
How London’s top dealmaker fell out of the magic circle of law firms
While many of Britain’s elite law firms are going full throttle with US expansion efforts, Slaughter and May has decided to pull back, raising questions about its future.
- Adam Mawardi
- Opinion
- Rear Window
How Adobe’s PwC tax strategy came unstuck
The manoeuvres of US tech giants to avoid the Multinational Anti Avoidance Law left a paper trail.
- Neil Chenoweth
Consulting downturn shrinks Deloitte revenue by $70m
Deloitte’s revenue suffered a sharp reversal in 2023-24, with revenue in all sectors either flat or shrinking.
- Maxim Shanahan
- Opinion
- Rear Window
Chris Jordan’s valuable insights into shell companies
When it came to regulating the offshore world, the former tax commissioner had personal experience that he could have shared.
- Neil Chenoweth
- Opinion
- Consulting
Why bigger bills equal better value for consulting clients
This ‘designer handbag effect’ is well known in consumer goods, but the same could apply to large professional services firms.
- George Beaton
