PwC Appoints New Head of Global Legal Services
Sydney-based Tony O'Malley, who has been Australia and Asia Pacific head of PwC's legal services arm, will now oversee about 3,700 legal professionals in the firm's global legal network across 98 countries.
May 28, 2019 at 12:34 PM
5 minute read
The Australia and Asia-Pacific head of the legal services arm of Big Four accounting firm PricewaterhouseCoopers has been appointed the new global leader of the firm's entire legal services network.
Sydney-based Tony O'Malley will take on the new role June 1, from Heinz-Klaus Kroppen in Germany, who will leave PwC. "[The appointment] reflects the increasing importance of the Asia-Pacific region within the global legal network," O'Malley said.
The shift in leadership from Europe to Asia-Pacific reflects the broader economic shift, said O'Malley, noting that growth in the Asia-Pacific region was among the fastest in PwC's global legal network in recent years.
"The U.K. and continental Europe have been the beating hub for the legal network for many years, but if you look back the last 10 years, the Asia-Pacific has really accelerated and started to play a much bigger role in the network," he said. "It's a logical development."
The growth was particularly fast in Australia, where O'Malley built PwC's legal arm almost from scratch, going from two partners in 2014 to more than 30 partners today across offices in Sydney, Melbourne and Perth.
O'Malley joined the accounting giant in 2014 from an advisory firm he set up with partner Tim Blue. Both were former partners of King & Wood Mallesons, where O'Malley served as Australia managing partner for one year following the 2012 merger between China's King & Wood and Australia's Mallesons Stephen Jaques. Blue is also currently a partner at PwC.
During his tenure as Australia and Asia-Pacific legal leader, PwC significantly expanded in the region. In 2017, it launched an affiliated law firm in Hong Kong with former King & Wood Mallesons Beijing partner David Tiang; the firm more than doubled its partner count during the past 12 months to seven – all with experience from international firms including Baker McKenzie, Jones Day and Mayer Brown.
It also launched a new local law practice in Singapore by recruiting Rachel Eng, the deputy chair of leading local firm WongPartnership. In Tokyo, where it has had a member law firm since 2014, it made significant hires and now has three partners, having added Satoshi Mogi and Michito Kitamura from Clifford Chance in 2017 and top Japanese firm Nishimura & Asahi in 2016, respectively.
In his new role, O'Malley will oversee about 3,700 legal professionals in PwC's global legal network across 98 countries. To help him do that, O'Malley has appointed Eng in Singapore and Steffen Schniepp, legal services leader of Germany – where PwC has its largest legal practice globally – to its global legal leadership team. O'Malley plans to add two more to the team – one in the U.K. and one in continental Europe – in the coming weeks.
The four new members will join current leadership team members: Sydney partner Blue, Hong Kong partner Joseph Tse, Switzerland legal leader Günther Dobrauz and Washington, D.C.-based tax controversy and dispute resolution global leader David Swenson.
O'Malley said his top priorities will be to continue to expand in Hong Kong, Singapore and Japan. Australia will also see more growth, particularly in government projects and financial services; the latter saw increased demand on the back of a 14-month public inquiry into Australia's financial services industry for unethical practices, which ended with a final report published in February, with 76 recommended changes to the industry.
Elsewhere, O'Malley said he will work closely with PwC's U.S. law firm – ILC legal, a non-U.S. law foreign legal practice in Washington, D.C. – to bring the non-U.S. part of the global legal network to U.S. clients. He will also continue to support growth in the U.K., where legal services head Ed Stacey recently told Legal Week of plans to recruit at least 50 financial services lawyers in the next 18 months.
And, he said he will, of course, continue to expand the firm's global legal network. "We admit new firms [into the network] on a regular basis – probably three to four a year," said O'Malley. Recently added members include MNKS in Luxembourg in November and CCR Legal in Portugal in March 2018.
O'Malley said PwC is about to admit a local law practice in Sri Lanka, a frontier market in south Asia – set to be the first among the Big Four accounting firms to do so – for projects and infrastructure work, as well as transactional and mergers and acquisitions support.
PwC already has the largest legal network among the Big Four by both number of legal professionals and number of markets covered – KPMG is the next largest with 2,300 legal professionals, while Deloitte and EY both have the second-largest presence, in about 80 jurisdictions.
PwC will likely continue its lead among the Big Four in terms of size and reach. "It's highly likely we'll tip the 100 [markets] mark in the next six months," said O'Malley. "And blow over the 4,000 [legal professionals] number in the next few years or so."
|Related Stories:
PwC Legal Continues Asia Expansion; Hong Kong Affiliate Makes Multiple Partner Hires
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllGOP's Washington Trifecta Could Put Litigation Finance Industry Under Pressure
Charles Russell Speechlys Gains Traction in Latin America
Trending Stories
- 1Nelson Mullins, Greenberg Traurig, Jones Day Have Established Themselves As Biggest Outsiders in Atlanta Legal Market
- 2Immunity for Mental Health Care and Coverage for CBD: What's on the Pa. High Court's November Calendar
- 3How to Support Law Firm Profitability: Train Partners Up
- 4Elon Musk Names Microsoft, Calif. AG to Amended OpenAI Suit
- 5Trump’s Plan to Purge Democracy
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250