PwC History

Australian Coopers & Lybrand Milestones
1866 Andrew Lyell starts an accountancy practice with John Gowan in Melbourne.
1888 Horace Bately Allard is invited to enter the partnership of Lyell & Butler.
1893 Separate firms Lyell & Butler in Melbourne and Lyell & Allard in Sydney are established.
1913 H.B. Allard, Way & Hardie is formed in Sydney.
1926 Allard, Way & Hardie commence interstate arrangement with Adelaide firm Wilson, Danby and Ferres.
1928 Allard, Way & Hardie secures representation in Perth with Smith & Goyder.
1933 First agreement with Cooper Bros for Allard, Way & Hardie to act as agents in Australia, is negotiated by 77 year old Horace Allard during a trip to London.
1940 Official practice opens in Canberra with the acquisition of Chaplin and Holgate.
1946 Allard, Way & Hardie establishes closer relations established with Savage & Co in Brisbane.
1948 Three of the five associated firms agree to associate with Coopers Bros and are known as Coopers Bros, Way & Hardie (Sydney), Cooper Bros, Savage & Co (Brisbane) and Cooper Bros, Goyder & Co (Perth).
1958 Melbourne based Buckly & Hughes joins the Coopers Bros network.
1961 Ferres' practice in Adelaide joins Coopers Bros & Co, completing the Australian network.
1962 Partnership agrees to adopt the name Cooper Bros & Co.
1976 Australia officially adopts the name Coopers & Lybrand and a nationally integrated firm is formed.

Australian Price Waterhouse Milestones
1874 Former Price, Holyland & Waterhouse employee Joseph Flack arrives in Australia and opens an accounting practice in Melbourne, occasionally taking on work for his old firm.
1885 Davey Flack & Co is formed.
1896 Davey Flack & Co is appointed as official agents of Price Waterhouse & Co.
1896 Future senior partner and son of Joseph Flack, Edwin Flack, wins Australia's first gold medals at the first modern Olympic Games in Athens while working with Price Waterhouse & Co in London.
1904 Flack & Flack is formed when Joseph Flack partners with his son Edwin. Younger son Henry Flack later joins the practice.
1905 Flack & Flack officially opens offices in Perth after conducting audits in Western Australia since 1898.
1908 Flack & Flack Sydney offices are established.
1911 A Brisbane office for Flack & Flack opens.
1922 The chain of mainland capital city offices is complete with the opening of the Adelaide office.
1946 Price Waterhouse & Co extends Flack & Flack the invitation to join the international firm. Flack & Flack accepts.
1958 Price Waterhouse & Co opens its Canberra office.
1984 Price Waterhouse & Co's management consulting practice merges with Urwick International to form Price Waterhouse Urwick.

Australian PricewaterhouseCoopers Milestones
1998 Worldwide merger of Price Waterhouse and Coopers & Lybrand to create PricewaterhouseCoopers.
2002 IBM acquires PwC Consulting, the global management consulting and technology services unit of PricewaterhouseCoopers.
2003 PricewaterhouseCoopers Foundation established.
2005 PwC Australia 10.5% revenue growth and $1 billion in revenue.
2006
  • Established our Private Clients business, which is dedicated to the needs of entrepreneurial business owners, managers and high-net-worth individuals and family businesses.
  • PwC Australia develops the four core service values of the PwC Experience, which will later be adopted globally.
2008 PwC announces plan to be carbon neutral by FY09. Acquired GEM Consulting, building our critical mass in strategy consulting and enabling us to offer comprehensive performance improvement to our clients, from planning to implementation.
2009
  • Acquired Clarendene Estate Planning Lawyers, Franchise Developments and Mainsheet Corporate, further strengthening our capacity in strategy consulting.
  • PwC Australia launches Challenging questions, inspiring answers campaign with "What would you like to change?”

Australian PwC Milestones
2010
  • Acquired boutique consultancy, The Difference. The Difference specialises in working with public and private organisations on complex issues that involve and affect multiple stakeholders.
  • Merged our Canberra office with professional services firm WalterTurnbull. The mid-market specialist's local knowledge deepens our expertise and service offerings.
  • Acquired specialist consulting firm, AshleyMunro. AshleyMunro works exclusively with entrepreneurs and high-growth business to grow capability, develop tax strategies and manage employee relations and change.
  • PwC globally refreshes its branding in order to strengthen, and modernise how it represents its worldwide network to its clients, its people and communities in which we operate.
2012 Australia Chairman, Bruce Morgan, announces the appointment of Luke Sayers as the next CEO of the Australian firm.
2013
  • PwC's Indigenous Consulting (PIC) launched. PIC is majority Indigenous owned, led and managed, is Australia's biggest Indigenous consulting firm, which aims to create shared value commercial activity that can deliver societal impact - by bringing cultural integrity to Indigenous projects, policies and programs on an unprecedented national scale.
  • Established a Tax Advisory Panel with representatives from governments, business, academia, unions and non-profit organisation to carefully consider the key issues and opportunities for tax reform.
  • A Strategic Alliance with Microsoft Corp. formed to help companies engaged in enterprise transformation projects using Microsoft Business Solutions technology.
  • Named Australia's top LGBTI's top employer by Pride in Diversity in 2013.
2014
  • Booz & Co mergers with PwC to create Strategy&. Strategy& is PwC’s global strategy consulting business, and the only at-scale strategy business inside a professional services network.
  • Acquisition of MGI Melbourne bolsters succession planning, self managed super funds, wealth and advisory services for high net worth individuals and family and private businesses.
2015
  • PwC ranked as the world’s second most attractive employer for business students in Universum’s annual World’s Most Attractive Employer ranking – second only to Google.
  • Selected by The Workplace Gender Equality Agency WGEA as one of 90 organisations in Australia as an Employer of Choice.
  • Partners with The Australian National Committee for UN Women in a joint effort to promote gender equality.
  • Admits 64 individuals to the partnership across all of the firm's businesses and most of its geographies.
  • Sets a gender target of ‘40:40:20’ for future partner intakes, with the aim of minimum 40 per cent women and 40 per cent men making up future admissions. The remaining 20 per cent either men or women. A 20 per cent target for partner admits from diverse cultural backgrounds also announced. 
  • Full year results with revenue growth of 10.1% to $1.73b.
  • Recognised by clients with market accolades at the Financial Review Client Choice Awards, receiving the award for Best Accounting Firm (revenue over $500m) and Best SA firm award.
  • Firm of the Year in the inaugural Australian Accounting Awards.
  • Selected by The Workplace Gender Equality Agency WGEA as one of 90 organisations in Australia as an Employer of Choice.
  • Australia's top LGBTI's top employer by Pride in Diversity in 2015, the only employer to have won this twice.
  • Recognised in the Australian Centre for Corporate Social Responsibility (ACCSR) top 10 list of corporate social responsibility (CSR) organisations.
  • PwC’s ASEANZ Consulting established made up of more than 3200 partners and staff across PwC’s consulting businesses in Australia, New Zealand and 10 South East Asian countries.
2016
  • PwC launches Global purpose and values
  • Acquisition of Strategic Intelligence Group (SIG) to assist clients accurately create, enhance and capture value derived from infrastructure projects.
  • Fastest growing legal practice taking the team to18 partners and more than 70 lawyers in just two years.
  • Under a new initiative supported by the Australian Government, PwC Australia with a wide range of iconic Australian employers to design and pilot a higher level apprenticeship programme that will create vocational pathways into professional, business, IT and financial services.
  • Full year results revenue growth of 11 per cent to $1.92b.
  • Australia’s Race Discrimination Commissioner and one of the country’s leading advocates for the social and economic empowerment of people from diverse cultural backgrounds joins PwC’s Diversity Advisory Board.
  • Brisbane and Melbourne offices move to new locations to continue the focus on new ways of working with clients and each other.
  • Admits 72 individuals to the partnership across all of the firm's businesses and most of its geographies.
  • Chairman of the Board of Partners of PwC Australia, Michael Happell, announced Luke Sayers to continue as Chief Executive Officer of the Australian firm for a further four years.
  • Recognised by clients as Market Leader in Australia at the Financial Review Client Choice Awards.
2017
  • PwC named one of the world's most powerful brands. PwC has retained its position as the number one professional services brand, and one of the world’s top ten most powerful brands in the Brand Finance Index.
  • Sydney office moves to new locations to continue the focus on new ways of working with clients and each other.
  • Greater Western Sydney (Parramatta) office opens to establish a broader reach in clients.
  • Advocates and welcomes the news that the majority of Australians had voted in favour of marriage equality.
  • Full year results 10.4 per cent revenue growth to $2.12bn.
  • People profit scheme introduced to all eligible staff for playing a part in the firm’s performance.
  • Largest ever intake of 91 new partners, with all of the firm’s businesses and geographies represented.
  • Named the best place to work on LinkedIn's top companies list.
2018
  • PwC increases position amongst the world’s strongest and most valuable brand.PwC leads the professional services sector, as one of the top 50 brands world-wide in the annual Brand Finance Global 500.
  • Full year results  10.8 per cent revenue growth to $2.35bn.
  • Admits 85 new Partners, taking total Partner numbers to 679.
  • Acquisition of  key partners and staff from PPB Advisory, bolstering our corporate restructuring and deals business, as well as partners and staff from Litmus Group, PPB Advisory’s management consulting business.
  • For the first time gender pay gap at a partnership level, reveals a like for like role gap of zero percent and a gap of 16 percent overall.
  • PwC leads the professional services sector, as one of the top 50 brands world-wide in the annual Brand Finance Global 500.
  • Named mid-market M&A adviser of the year at the inaugural Australian M&A Awards.
  • PwC’s Sydney Client Collaboration Floors wins the prestigious Good Design Award® Best in Class in the Architectural Design category.
  • Luke Sayers named CEO of the Year at the Pride In Diversity Australian Workplace Equality Index (AWEI) awards.
  • Chief of staff, James Collins, receives Executive Leader Award for unwavering courage, passion and leadership. He was instrumental in setting up the GLEE network and pioneered the establishment of PwC Australia’s LGBTI Authentic Leaders program.
  • Awarded bronze status in the AWEI index, a national benchmark on LGBTI workplace inclusion.
2019
  • States tax position for the firm including tax paid by its partners and staff.
  • PwC ranks 6th in LinkedIn Top Companies List 2019 and as the number one professional services firm to work for in Australia.
  • Launched Green Light To Talk initiative focusing on how we approach conversations about mental health at work.
  • Supports the Australian Human Rights Commission inquiry into sexual harassment in Australian workplace.
  • Opens PwC, The Rocks Sydney office location.
  • Showcases the power of The Together Effect by launching a new campaign featuring case studies of how the professional services firm is living its purpose of building trust in society and solving important problems.
  • Named a Gold Employer at the 2019 Australian LGBTI Inclusion Awards, recognising our firm as one of the most inclusive workplaces in Australia.The award recognised our significant achievements in 2018 on LGBTI inclusion, including world first, groundbreaking research with Pride in Diversity titled ‘Where are all the Women’; a refreshed policy for those transitioning at work; and a market leading LGBTI Authentic Leaders program.

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