Legal Business Blogs

PwC Legal makes City corporate push with McDermott partner hire

PwC Legal has hired McDermott Will & Emery City-based corporate partner Mark Crofskey in a bid to boost its UK legal arm’s M&A team. Expected to join the accountancy giant next month, Crofskey will work in PwC Legal’s M&A practice alongside corporate partner Alistair Hogarth in leading a team.

Crofskey joined McDermott’s London office as a partner in 2008 from Skadden Arps Slate Meagher & Flom and has advised UK, US, Russian, EU and Kazakh clients on a wide range of corporate actions including IPOs, joint ventures, disposals and acquisitions.

The hire follows that of Field Fisher Waterhouse technology partner Stewart Room who joined in September to lead PwC’s cross-service offering on cyber and data security.

PwC Legal’s UK senior partner Shirley Brookes previously told Legal Business of its plans to enhance its legal services capability after becoming the first of its direct competitors to secure an alternative business structure (ABS) licence in February, a move which enabled it to own PwC Legal and consolidate its global network of over 2,000 lawyers.

This firm unveiled a 9% increase in revenue to £40.5m from £37m, alongside a 14.5% dip in profit to £9.1m from £10.7m according to its 2012/13 UK LLP accounts at Companies House.

EY bulked up its corporate offering with the hire of Addleshaw Goddard corporate managing partner Philip Goodstone who joined the firm in September, who has been tasked with building a legal capability for EY in the UK.