Grant Thornton rules out legal services

Grant Thornton, the sixth largest accountancy firm in the world, says it will not follow the Big Four in offering legal services.

Grant Thornton will not follow the Big Four kurhan

Its chief executive in the UK, Scott Barnes, said: ‘For us, expanding into legal services would create some conflicts. This is something the big four don’t seem to have a problem with.’ It says it would be conflicted out as it includes many law firms among its clients and also because it has represented law firms on M&A deals. By contrast, KPMG said last week that it had been awarded an Alternative Business Licence by the Solicitors Regulation Authority in the UK. Source: Financial Times

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