TaxPersonal TaxMoores Rowland exodus continues

Moores Rowland exodus continues

Group A firm examines partner renumeration after second set of poachings.

Moores Rowland has been stunned into examining partner remunerationhings. after losing three more tax partners to rival financial services provider Chiltern Group.

The move marks the latest stage of an aggressive acquisition programme by Chiltern and follows the April poaching of another Moores Rowland tax team of five led by Andrew Watt.

Chiltern, an independent tax consultancy bought out from Union Bank of Switzerland, has made no secret of its ambition for growth.

Chiltern MD Andre Bischoff, who has a #10m war chest to buy in new staff, said: ‘We believe the market is right for growth at the moment.’

Although headhunted at the same time, the latest team to jump ship are specialists in tax advisory work for regulated industries.

London managing partner Graham Coopey, Nigel O’Neill and Andrew Sullivan will each head up separate divisions at Chiltern. They have signed a clause not to approach previous clients for six months.

Moores Rowland is still reeling from defections at its Edinburgh office in March and the departure of top personal tax partner, Nigel Eastaway, to TaxServe in February.

Moores Rowland managing partner, Clive Weekes, said the setback had provoked a need for change in the package offered to partners. He said: ‘We have to ensure we are competitive. We are aware of what the market is prepared to pay.’

He said a shortage of people in the marketplace meant there would be changes. Weekes said Moores Rowland offered improved conditions to the three, but added: ‘There comes a point where you have to say good luck to them.’

Moores Rowland will continue to recruit people from other firms, said Weekes, but he would not add where the firm was looking. He said: ‘We are recruiting hard. We have had a good year for 1998 and our results are well up on the previous year. Most of our offices produced record results.’

Moores Rowland has no plans to publish its results.

Related Articles

LITRG urges government to consider tax changes in disability work plan

Administration LITRG urges government to consider tax changes in disability work plan

5d Lucy Skoulding, Reporter
HMRC appeal rejected in Tottenham Hotspur case

Administration HMRC appeal rejected in Tottenham Hotspur case

3w Emma Smith, Managing Editor
HMRC urged to clarify impact of income allowances on Self-Assessments

Personal Tax HMRC urged to clarify impact of income allowances on Self-Assessments

2m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

2m Emma Rawson, ATT Technical Officer
Wealthy individuals could circumvent top tax rate rises

Personal Tax Wealthy individuals could circumvent top tax rate rises

4m Alia Shoaib, Reporter
Italy grants first successful non-dom status application to former UK non-dom

Personal Tax Italy grants first successful non-dom status application to former UK non-dom

5m Emma Smith, Managing Editor
Industry reaction: Taylor Review does not go far enough in addressing tax issues

Legal Industry reaction: Taylor Review does not go far enough in addressing tax issues

5m Alia Shoaib, Reporter
Does the Taylor Review sufficiently address the gig economy?

Corporate Tax Does the Taylor Review sufficiently address the gig economy?

5m Alia Shoaib, Reporter