Mid-tier merger vote set for January
Grant Thornton and HLB Kidsons said this week that partners are to vote in January on the proposed merger between the two mid-tier firms, with a view to merging on 1 May.
According to the firms, the delay in voting on the plans is to ensure that partners have adequate time to consider the detail of the merger and also to allow for the Christmas break. Originally the consultation period was due to end in September this year with the implementation of the merger beginning in January.
The new firm, which will use the Grant Thornton name, will have a combined fee income of £230m and some 375 partners, making it the sixth largest UK firm.