BDO opts for LLP status
Mid-tier firm BDO Stoy Hayward has voted to adopt limited liability status possibly by the end of the year.
The firm will join the likes of Smith & Williamson, RSM Robson Rhodes and MRI Moores Rowland who have all taken on the new legal status.
A date for the changeover has not yet been agreed but it is likely to be at the end of 2003.
Managing partner Jeremy Newman said the move to LLP status would provide some protection against ‘doomsday scenarios’ and was ‘a more modern way to conduct our business because it involves greater transparency’.
He added: The requirement for audited accounts will not be a major change for the business. For our people and our clients, the change should be seamless’.