Legal Services

EY eyes joint venture for UK legal business following job cuts

EY’s global law head Jeff Soar has been leading a review of the business, FN learns

EY has cut costs this year amid a tougher market for major consultancy firms
EY has cut costs this year amid a tougher market for major consultancy firms Photo: Steve Taylor/Getty Images

EY is reviewing its UK legal business following a series of job cuts, with options being explored including striking joint venture deals with law firms.

EY had big ambitions for its UK legal business, which it launched after the Legal Services Act 2007 allowed non-lawyer ownership of law firms in England and Wales.

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