Deloitte recruits partners to replace 40 retirees

by Rachael Singh

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16 Jun 2009

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Deloitte has said approximately 40 partners have retired with 'around' the same number being recruited, as the firm tries to 'strengthen' its position in the future.

The Big Four firm recently said it recently promoted 23 partners as well as 22 associate partners, to replace the retirees.

The firm has also recruited eight partners from its competitors including KPMG, Ernst & Young, PricewaterhouseCoopers, Grant Thornton and Baker Tilly, as well as within industry with a further 10 due to join over the summer.

A spokeswoman for the company said partners can retire even if they seek work elsewhere and that by the end of the year the number of partners in the firm compared with the year before would be 'broadly similar' although they were unable to provide exact figures.

John Connolly, UK senior partner and global chairman of Deloitte said: 'These promotions will ensure we are well positions to deliver services which reflect the needs of our clients.'

According to the Accountancy Age Top 50 Survey conducted last year there were 641 partners and this year the firm has said there are 672.

A spokeswoman said: 'It is inevitable that there will be a number of partner retirements in any given year.'

The firm has appointed partners in audit, tax, consulting and corporate finance with 14 of the partners to be based in London, two in Manchester and Reading, with a handful placed in Zurich, Geneva and Liverpool.

There will be over 10 associate partners based in London with the rest scattered in Birmingham, Nottingham, Jersey, Bristol and Leeds.

Further reading:

Deloitte imposes China staff on unpaid leave

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