Julia Irvine 18 Jun 2018 09:58am

Andersen strengthens foothold in UK

International tax and legal services association Andersen Global has snapped up its third UK-based firm this year – and its 15th firm globally since January

It has signed a collaboration agreement with Milestone International Tax Partners, a three-partner London firm providing international tax services to businesses, private clients, investment funds and property developers.

Milestone joins fellow London tax practice Mark Davies & Associates and Reading-based RBCVAT as part of Andersen’s increasing UK presence.

Andersen Global, which was founded in 2013 by US firm Andersen Tax, appears to be on a fast track to global domination. It is growing rapidly through a combination of mergers with local firms, collaboration agreements, and recruiting complete teams of professionals plus partners (often to set up new offices).

It currently boasts a 3,000-strong professional staff of tax practitioners and lawyers and a presence in 107 locations.

In the first two weeks of June, it has already tied up with BA Tax Accountants in Luxembourg and Lotti e Araujo in São Paulo and Rio de Janeiro, as well as Milestone, while its Paris-based member firm STCPartners opted to change its name to Andersen Tax & Legal.

On 30 May Andersen Global announced that it had established a presence in India for the first time through collaboration agreements with tax practitioners Nangia Advisors and legal firm Vaish Associates.

Nangia has offices in New Delhi, Mumbai, Noida, Gurgaon, and Dehradun and more than 250 professional staff, while Vaish works out of New Delhi, Mumbai and Bengaluru.

Since January, Andersen has also formed relationships with firms in Poland, Kenya, Argentina, Portugal, Dubai, Ireland, Egypt, Mexico, Kuwait, Germany, Canada and Spain.

The original US firm, WTAS, was set up in 2002 by 23 Arthur Andersen partners following the collapse of the Big Five firm. Since then they have steadily bought up the rights to the iconic name and branding and eventually changed their name to Andersen Tax in 2014.