EY intends to restructure its regional law practice in a move that is expected to lead to significant job cuts at the major consulting and advisory firm.
The firm has asked the staff for feedback on the proposed restructure, with EY Oceania chief executive David Larocca warning the changes “may necessitate a reduction” in size of the law team.
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correction —
This article has been updated to clarify that that PwC has shrunk, not exited, its standalone legal practice. It has also been corrected to say that EY has put in place hiring restrictions, not a pause on promotions.
Edmund Tadros leads our coverage of the professional services sector. He is based in our Sydney newsroom. Connect with Edmund on Twitter. Email Edmund at edmundtadros@afr.com.au
