PwC Australia’s legal arm has been plagued by a steady departure of partners since the eruption of the tax advice scandal earlier this year, according to reports from a recent article in Law.com’s international edition. While the notable scandal has exacerbated the situation, it hardly stands as the sole reason for the firm’s dwindling performance in Australia’s legal market.
The controversial tax issue has certainly swept up headlines; however, sources suggest that prior to this, partners were already leaving the firm. The underlying issue, reportedly, arose from a perceived lack of investment in the firm’s legal arm, thus raising doubts about PwC’s commitment to competing with leading law firms. More on this in the original article.
Unfortunately, much of the information surrounding these developments remains locked behind a paywall, and this overview merely summarizes the facts available from the public parts of the source.