PracticeAccounting FirmsGrant Thornton ready to follow in KPMG’s footsteps

Grant Thornton ready to follow in KPMG's footsteps

Grant Thornton International has given the strongest indication yet that it wants to follow the path laid down by KPMG and merge its member firms

Grant Thornton

Asked about the prospect of member firms joining up,
GTI
chief executive David McConnell told Accountancy Age: ‘I think it will
happen. If you go to the medium-term, I do see our organisation consisting of
fewer member firms.’

McConnell revealed that GTI has had ‘discussions’ about mergers, but that
nothing will happen ‘in the immediate future’.

The comments are the strongest indication of any firm following KPMG’s lead.

In forging its KPMG
Europe
structure, the firm took the lead in global integration. Other firms
have indicated they want to stand back and see how KPMG does.

GTI has 90 member firms around the world, with the US, UK, Canada and
European countries forming the largest constituents.

GTI’s relationship with its members has not been without its troubles in the
past with the expulsion more than four years ago of its Italian member firm SpA
following the Parmalat scandal.

Related Articles

EY director joins Crowe Clark Whitehill as partner

Accounting Firms EY director joins Crowe Clark Whitehill as partner

2d Emma Smith, Managing Editor
RSM announces growth across every business line in 2017

Accounting Firms RSM announces growth across every business line in 2017

4d Lucy Skoulding, Reporter
WorkStyle: Helping accountants to support new contractors

Accounting Firms WorkStyle: Helping accountants to support new contractors

1w ClearSky Accounting | Sponsored
Grant Thornton grows profits while radically reshaping portfolio

Accounting Firms Grant Thornton grows profits while radically reshaping portfolio

1w Alia Shoaib, Reporter
How to protect LLP firms from a damaging team move

Accounting Firms How to protect LLP firms from a damaging team move

2w Clive Greenwood, Lewis Silkin
Grant Thornton reports gender pay gap at 26.6%

Accounting Firms Grant Thornton reports gender pay gap at 26.6%

4w Alia Shoaib, Reporter
5 ways to adapt your accounting services for millennial clients

Accounting Firms 5 ways to adapt your accounting services for millennial clients

4w Receipt Bank | Sponsored
Smith & Williamson reports double digit growth

Accounting Firms Smith & Williamson reports double digit growth

1m Alia Shoaib, Reporter