Deloitte announces imminent LLP status
Deloitte & Touche has today announced its intention to become a Limited Liability Partnership, becoming the last of the Big Four to opt for the status.
The firm said its transfer to LLP is likely to take effect early this summer.
Deloitte UK senior partner John Connolly, said: ‘Having reviewed carefully the adoption of LLP we believe that it is the best business structure for our firm.
‘We see it as a modernisation of business practice and this move to LLP will help us to continue recruiting and retaining the best people in the professional services sector.’
Deloitte will be the last of the Big Four to become an LLP. The global firm follows in the footsteps of PricewaterhouseCoopers, which became an LLP in January. KPMG adopted the status last year, whilst Ernst & Young became an LLP as soon as the law permitting it to do so was passed in 2001.