Andersen Consulting gets 400 new partners
Andersen Consulting has confirmed it is set to create an reported 400 new partners next year, as a result of the restructuring of the firm following its divorce from Arthur Andersen and Andersen Worldwide.
The move follows the recent announcement the firm will change its name to Accenture from 1 January next year.
The firm said many of the promotions will be from senior managers who were close to gaining the status last year, when 1,300 senior managers were promoted – a move which doubled the size of its partnership.
An AC spokeswoman, said: ‘We will be looking to make a large number of our managers partners next year – more than we would ordinarily. However we expect the number to settle back down in the following years’.
The promotions are expected to come as the firm continues to realign its business and considers a partial flotation next year. The firm said the move was being taken in a bid to retain its employees.