Dentons will be joining forces with a team of former EY consultants in Hungary to launch Impact Advisory, a joint venture offering consulting services that will complement Dentons’ legal services. The business is being piloted in Hungary with the intention to expand into other countries.
According to Dentons, “Impact Advisory will focus on those areas where clients expect inter-disciplinary – legal and non-legal – consolidated support, and its offering will primarily include advising on investment opportunities and reorganizations in Hungary, as well as advisory services relating to Global Business Service, Shared Service Centers, and project management services.”
Former EY Partner Balazs Tuske will lead the new venture as CEO. He has consulting experience as an Advisory Services Leader and Transaction Support Leader in Hungary at EY and with Arthur Andersen in Australia. He mainly focuses on buy-side and sell-side due diligence, mergers and acquisitions, and large transformational projects.
The team also includes former Associate EY Partner Arjen Sader, who, according to Dentons, “has a strong visibility and network in the global Shared Service Center, Global Business Services, and Business Process Outsourcing market.” He has significant experience in starting, scoping, migrating, stabilizing, optimizing, and automating in the sector.
Dentons said that “in the future, several other experienced consultants will join this venture to provide new and existing clients a state of the art consulting experience.”
“The combination of our advisory team with the broad network and market leading innovation of Dentons creates a unique product offering for our clients,” said Tuske. “Not only are our clients increasingly looking for advisers who can provide full scope advisory services on transactions and shared services, from planning through to execution and integration, but they also want their advisors to add value through innovation and new market approaches.”
Dentons Europe CEO Tomasz Dabrowski said: “As part of our vision to always be the law firm of the future, Dentons is continuously challenging the status quo, and the services offered by this talented team of consultants will complement both our core legal services and our Nextlaw offering.”
“Our clients’ needs are becoming increasingly complex, as they face challenges and opportunities due to globalization, technology, competition, and the constant pressure to do more for less," added Istvan Reczicza, Dentons Managing Partner in Hungary. “Often their needs go beyond traditional legal services. We have collaborated with Balazs and his team externally on a number of client matters over the past few years and are confident that by working more closely together we can deliver even more value to our clients.”