The cull sees the number of mergers and acquisitions partners at E&Y reduce from 17 to just 11.
Ernst & Young blamed the move on the continuing depression within the general M&A market, but said it remained committed to M&A as part of its corporate finance offering.
‘By focusing on our core M&A team, we will maintain our presence and coverage in all our regional markets and industry groups and aim to increase our share of this market as conditions stabilise,’ the firm said.
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Baldwins Accountancy Group has continued investment in the north-east and appointed David Fish as a director in its corporate finance team
UK M&A activity bounced back strongly in July and August, according to analysis by the deals practice at PwC.
Smith & Williamson has added Jim Clark and Philip Marsden, of Marsden Clark Corporate Finance Limited, to its corporate finance team.