New associate partner, Antoine Druetz, joins from KOAN Law Firm where he spearheaded the Non-Profit & Trade Associations group.
Druetz has vast experience assisting Belgian and European not-for-profits with corporate governance, financing, M&A transactions, management and incorporation. He makes the move to EY Law with two associates, Alix Degrez and Sakine Yilmaz.
“I am delighted to join EY Law,” commented Druetz. “I am very much looking forward to contributing my non-profit expertise to EY Law’s expanding practice. I am truly convinced that EY Law’s multidisciplinary strategy and international network makes it the perfect environment for the team to offer clients excellent services and further develop.”
Peter Suykens, managing partner of EY Law Belgium, added that he is “particularly happy with the arrival of Antoine. His team offers high-quality services and professionalism. Their excellent reputation and expertise will certainly bring substantial additional experience to our non-profit practice.”
EY, traditionally known as one of the Big Four accountancy firms, moved its legal entity from London to Brussels in February 2019 in anticipation of Brexit. Along with its three rivals in the professional services industry, it has made significant efforts to expand its presence in the industry, most recently through its acquisition of Pangea3 from Thomson Reuters. The company advises clients on risk mitigation and cost-effective strategies through around 1,000 employees across three continents.
In June 2019, EY reported an 8% increase in global revenues, twenty business acquisitions – including Pangea3 and Riverview Law – and eight new alliance agreements. The firm’s headcount also grew by 8.6% to now stand at over 284,000 people, of which 1,163 were promoted to partner or admitted into EY member firms.
The Big Four continue to make inroads into the legal services industry. While their expanded ranks and established expertise in the tax, assurance and transaction advisory sectors have not been enough to fully disrupt the market globally so far, it will be fascinating to see how they impact the local ecosystems of countries like Belgium.