Our History

PwC was created by the merger of two networks of firms — Price Waterhouse and Coopers & Lybrand — each with historical roots going back some 150 years. Set out below are some key milestones in the history of both firms.

1849 Samuel Lowell Price sets up business in London
1854 William Cooper establishes his own practice in London, which seven years later becomes Cooper Brothers
1865 Price, Holyland and Waterhouse Join forces in partnership
1913 Coopers and Lybrand Deloitte opens office in St. Petersburg
1916 Price, Waterhouse and Co opens office in Petrograd
1957 Coopers Brothers and Co (UK), McDonald, Currie and Co (Canada) and Lybrand, Ross Bros and Montgomery (US) merge to form Coopers and Lybrand
1982 Price Waterhouse World firm formed
1989 Price Waterhouse opens Representative Office in Moscow
1990 Coopers & Lybrand opens office in Moscow
1998 Worldwide merger of Price Waterhouse and Coopers & Lybrand to create PricewaterhouseCoopers
2010 PricewaterhouseCoopers opens office in Ulaanbaatar
2010 PwC has refreshed its branding. The new branding includes a simplified logo consisting of the initials "pwc" in lower-case type. This formal shortening of the brand name will provide consistency and ease of use for PwC firms around the world.