A US spokesman told Accountancy Age: ‘We do not believe that there is any successor liability exposure to Grant Thornton.’
The news comes as concerns mount over the defunct firm’s exposure to the accounting scandals in the US, which could cost former Andersen partners millions of dollars in compensation.
To date, Grant Thornton has taken on 44 former Andersen partners – six in the UK and 38 in the US – and 330 former employees.
It has beaten rival BDO which had said it was actively seeking to recruit former Andersen partners and employees. Jeremy Newman, managing partner at BDO Stoy Haward, expressed doubts about taking on former Andersen partners.
He said: ‘It is difficult to say whether [people who take on Andersen partners] are protected. There is no legal precedent. Things are not clear.’
Brian Burke, business development director, has moved within the firm to 'develop Quantuma’s networks with Sussex professional firms'
Stephen Mills joins the Manchester office from IBM, where he spent 12 years as an associate partner in the data, analytics and cognitive consulting group
Rupert Guppy will be responsible for capital allowances in the southern region, and joins the firm from specialist consultancy E3 Consulting
Richard Lewis has been appointed to the firm's restructuring and recovery services team