TS: There's no silence of the Llambias
TS has witnessed a number of attempted mergers between accountancy firms recently, with Grant Thornton's attempts to marry HLB Kidsons being the latest casualty in a landscape littered with failures.
However Douglas Llambias, who modestly points out that as founder of the Business Exchange has been responsible for more corporate hitches in the sector than anyone else, has picked as his chief executive someone who can claim to have actually succeeded with a merger.
Clive Parritt, as chairman of Baker Tilly, walked all the way up the altar with Fraser Russell – though ironically this was one deal that Llambias did not work on.
Llambias says that he has had experience of negotiating with Parritt on both sides of a deal, so both parties know what they are letting themselves in for. With Llambias now set on focusing more on deal creation, readers should expect news on another accountancy merger very soon.
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Parritt leaves Baker Tilly for CE post