Soar, who previously led EY's global law practice, has recruited 10 partners ahead of the launch and plans to scale the firm rapidly. WTS UK aims to reach around 100 partners within five years, equivalent to roughly 60% of EY's UK tax practice. The business forms part of the international WTS network of tax advisory firms. EQT invested in the platform last year and is expected to provide more than '500m, approximately $540m, to support its expansion. Private equity investment in professional services has accelerated in recent years. Cinven acquired a majority stake in Grant Thornton UK in 2024, while Warburg Pincus pledged $300m to back the launch of advisory platform Unity Advisory. The launch highlights how private capital is reshaping professional services, historically dominated by partner-owned firms, as investors fund new platforms designed to compete with the industry's largest players. Subscribe to our Newsletter to increase your edge. Don't worry about the news anymore,...
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