EY Explores Joint Venture Options for UK Legal Business After Cost-Cutting Measures EY is reassessing its UK legal division following recent job reductions, considering potential joint venture agreements with law firms as one of the options. The company had initially set high expectations for its UK legal arm, which was established after the Legal Services Act 2007 permitted non-lawyers to own law firms in England and Wales. This strategic review comes amidst a challenging market for major consultancy firms, prompting EY to implement cost-cutting measures throughout the year. Report by Financial News London