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.
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