PracticeAccounting FirmsMid-tier firms remain aloof over Andersen plans

Mid-tier firms remain aloof over Andersen plans

UK mid-tier firms are remaining aloof following BDO Stoy Hayward's announcement that it is actively recruiting former Andersen partners after a feeding frenzy for the beleaguered firm's staff was revealed in the US.

Last week, BDO Stoy Hayward’s UK office revealed it was in talks with about 40 Andersen partners and looking to recruit individuals or teams of people to grow its business.

Grant Thornton US told the New York Times it was in ‘continued talks’ with Andersen, but the firm’s UK arm was cool about BDO UK’s bid for partners. A spokesman said: ‘We are talking to individual partners, but nothing like our competitors.’

Laurence Longe, national managing partner of Baker Tilly also said his firm would be interviewing ‘some Andersen people’.

Andersen and BDO have always had close ties. In September of last year, the firm acquired the audit and tax businesses of Andersen’s Croydon office. And in August, BDO poached three forensic accounting experts from the former Big Five firm.

When BDO Binder Hamlin split, many partners who did not go to BDO Stoy Hayward went to Andersen and industry experts believe it would be a way for the partners to come back together.

Related Articles

Sexual harassment – is accountancy next for #MeToo?

Accounting Firms Sexual harassment – is accountancy next for #MeToo?

1d Karen Baxter, Lewis Silkin
Johnston Carmichael CEO appointed as ICAS president

Accounting Firms Johnston Carmichael CEO appointed as ICAS president

3w Emma Smith, Managing Editor
British Accountancy Awards 2018 – entries open!

Accounting Firms British Accountancy Awards 2018 – entries open!

1m Emma Smith, Managing Editor
Is the accountancy sector facing an international talent crisis?

Accounting Firms Is the accountancy sector facing an international talent crisis?

1m Lewis Silkin
RSM appoints new Chief Operating Officer

Accounting Firms RSM appoints new Chief Operating Officer

1m Alia Shoaib, Reporter
RSM announces 11 partner promotions

Accounting Firms RSM announces 11 partner promotions

2m Emma Smith, Managing Editor
BDO hires former AstraZeneca creative director as head of digital and innovation

Accounting Firms BDO hires former AstraZeneca creative director as head of digital and innovation

2m Emma Smith, Managing Editor
What does the future hold for listed accountancy firms?

Accounting Firms What does the future hold for listed accountancy firms?

2m Fergus Payne, Lewis Silkin