PwC seals major US firm alliance in next step up for Big Four's ambitions in law
Deal will see PwC and Fragomen team up to jointly pitch for work from multinational clients
September 24, 2018 at 07:01 AM
4 minute read
PwC has agreed an alliance with US immigration specialist law firm Fragomen, in one of the most significant examples to date of the Big Four joining forces with a law firm.
The alliance between PwC UK and Fragomen – which has more than 50 offices around the world and generated revenues of $577m (£441m) during 2017 – will hand PwC a major foothold in the US market, where the New York-based firm has 16 offices across all major financial centres.
The deal brings together two of the world's top providers in the immigration sphere, and will see PwC and Fragomen team up to jointly pitch for work from multinational clients. Significantly, the relationship will also enable shared clients to draw on PwC's complementary services in tax, social security and global mobility consulting.
In a joint statement, the firms said the strategic alliance would see them collaborate and jointly market their immigration services, while also giving them "the ability to come together to provide integrated services to their respective clients".
PwC's global immigration practice covers 170 countries, while the 550-lawyer Fragomen has offices in more than 25 countries outside the US, including an eight-partner London base.
Discussions about the alliance – which was announced to partners at both firms late last week – have been led by PwC legal markets leader and head of global immigration Julia Onslow-Cole, Fragomen chairman Austin Fragomen, PwC head of legal services Mike Bailey and Fragomen international managing partner Lance Kaplan, while a governance committee has also been set up to oversee the relationship on both sides.
"Our global immigration practice covers more than 170 countries," said Onslow-Cole. "Making our respective immigration teams available to clients, particularly in the US, will provide an even deeper level of local insight.
"This alliance will also facilitate more strategic, global insights on the impact of government policies on both corporate immigration and mobility"
The alliance has no connection to the legal operation PwC launched in Washington DC last year. ILC Legal, which does not provide US legal services, is staffed by a small team led by office managing partner Richard Edmundson.
Fragomen is well known as one of the most gender-diverse international law firms, and for seven years has held the top spot on The National Law Journal's Women in Law Scorecard, which ranks the largest US law firms by their percentages of female lawyers. In 2017, women made up 63% of its 553 lawyers, and accounted for nearly half (44%) of its equity partners.
The firm has had a London office since 2003, and in 2011 took on CMS Cameron McKenna's entire 15-lawyer immigration practice, led by partner Caron Pope.
"Immigration strategy and compliance have never been more important," said Fragomen chair Austin Fragomen. "Clients seeking aggregated legal, tax and mobility services will get best-in-class services by working with Fragomen and PwC.
"Our immigration legal expertise, coupled with PwC's professional services offerings, will give clients an unparalleled opportunity to benefit from a unique collaboration that will help them better manage mobility and mitigate risk in a fast-changing compliance environment."
PwC's legal operations brought in about £70m in UK revenues during the 2017-18 financial year – a figure that would have put it only just outside the UK top 50.
The Big Four accounting firm now has about 350 fee-earners in the UK, offering advice in areas including immigration, cybersecurity and data protection, corporate reorganisations, disputes, employment, M&A, pensions and technology.
The firm's legal services arm, which since October 2017 has been led by Ed Stacey, is no longer a distinct business unit after an integration process that means its lawyers now sit alongside their counterparts from the wider firm and report in to PwC's leadership.
All of the Big Four accounting firms are making inroads into the legal market, and earlier this year Deloitte became the last of the quartet to receive an alternative business structure licence enabling it to provide legal services.
The same month, Deloitte's UK arm agreed an alliance with US immigration firm Berry Appleman & Leiden (BAL), while also acquiring the firm's operations outside of its home country. In the US, BAL has 108 lawyers across eight offices.
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 AllCan Law Firms Avoid Landing on the 'Enemy' List During the Trump Administration?
5 minute readEU Parliament Gives Blessing to New EU Competition Chief Ribera Rodríguez
2 minute readTrump and Latin America: Lawyers Brace for Hard-Line Approach to Region
Trending Stories
- 1The Key Moves in the Reshuffling German Legal Market as 2025 Dawns
- 2Social Media Celebrities Clash in $100M Lawsuit
- 3Federal Judge Sets 2026 Admiralty Bench Trial in Baltimore Bridge Collapse Litigation
- 4Trump Media Accuses Purchaser Rep of Extortion, Harassment After Merger
- 5Judge Slashes $2M in Punitive Damages in Sober-Living Harassment Case
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