PricewaterhouseCoopers (or PwC) is the world's largest professional services firm. It was formed in 1998 from a merger between Price Waterhouse and Coopers & Lybrand, both formed in London. PricewaterhouseCoopers earned aggregated worldwide revenues of $28 billion for fiscal 2008, and employed over 146,000 people in 150 countries. In the United States, where it is the third largest privately owned organization, it operates as PricewaterhouseCoopers LLP. PricewaterhouseCoopers is a Big Four auditor, alongside KPMG, Ernst & Young and Deloitte Touche Tohmatsu. The firm was created by the merger of two large firms Price Waterhouse and Coopers & Lybrand in 1998. These two firms each had histories dating back to the nineteenth century. Samuel Lowell Price, an accountant, started his practice in London in 1849. In 1865 Price went into partnership with William Hopkins Holyland and Edwin Waterhouse. Holyland left shortly after to work alone in accountancy and the firm was known from 1874 as Price, Waterhouse & Co. (The '& Co' and comma was dropped from the name much later.) The original partnership agreement, signed by Price, Holyland and Waterhouse could be found in Southwark Towers, one


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