EY appoints Laura Mair new managing partner for tax and law

Laura Mair has been promoted by EY to turn out to be its UK and Eire managing associate for tax and legislation. She’s going to lead a crew of greater than 2,000 professionals, offering recommendation to shoppers throughout the 2 international locations.

Analysis from Ibis World predicted that tax consulting revenues are more likely to contract over the 5 years resulting in the tip of 2024 – shrinking by 3.5% to £4.5 billion over that interval. Earlier than the Covid-19 outbreak, working circumstances had been usually beneficial, as a falling unemployment fee and a rising variety of companies have elevated the potential shopper base for tax consultancies. The hostile financial circumstances that occurred since then modified this although, leaving demand unfold thinner.

Wanting forward, nonetheless, the market could also be about to alter a nook. With a common election in 2024 trying more likely to ship a change of presidency, companies will likely be in search of experience to assist cope with doable modifications in tax legislation and compliancy. For the Huge 4, which account for a collective 82% of the UK tax consulting market’s income, that might current a serious alternative.

Certainly, whatever the wider market, tax was EY’s quickest rising enterprise space during the last monetary 12 months, with UK income growth of 20%. The appointment of Laura Mair as EY’s new tax and legislation managingpartner for the UK and Eire goals at capitalising on this momentum, and positioning the agency to assist shoppers, no matter they face within the new 12 months.

Taking up the position from Jeff Soar, who has been appointed as EY’s international head of legislation – beneath whom the UK tax and legislation observe has seen two years of double-digit income progress. Mair will now head a crew of greater than 2,500 tax and legislation professionals who present recommendation and providers to a variety of shoppers, together with home and multinational firms, public sector organisations, household companies andindividuals.

Hywel Ball, EY’s UK chair, commented, “Laura has a popularity for uplifting our individuals internally andproviding an distinctive service to shoppers. With over twenty years of management and shopper expertise, Laura is the perfect particular person to proceed the robust progress trajectory of the crew. I might additionally prefer to take this chance to thank Jeff Soar for his excellent management of the observe during the last three years andcongratulate him on his new position as EY’s international head of legislation.”

Mair has been with EY since becoming a member of as a tax graduate in 2000, and have become a associate in 2015. She has subsequently held plenty of senior positions at EY. Most not too long ago, she was markets chief for EY UK andIreland’s tax and legislation wing the place she was chargeable for the observe’s shopper providers and enterprise growth technique.

Talking on her new problem, Mair added, “I’m extremely proud to steer the observe I first joined as a graduate greater than twenty years in the past. It is a pivotal time for the tax and authorized sectors, with many UK companies contending with quickly shifting regulatory panorama and the evolving position that know-how performs in compliance and reporting. I’m trying ahead to working with our crew to help shoppers as they proceed to discover what the fashionable tax and authorized departments ought to appear like.”