Price Waterhouse and Coopers & Lybrand’s long-awaited merger will herald large one-off bonuses for the partners of both firms.
Partners of PricewaterhouseCoopers will benefit from the distribution of partner profits before the new firm is inaugurated on 1 July.
But Coopers denied the payout would be a bonus. The firm’s financial year ends in April, a spokeswoman said. ‘So partners will be paid their partner profits for May and June.’ PW refused to comment.
The merger has also created one of the longest names in UK business with a design by brand specialist Siegel & Gale, costing #1m. In a joint statement, the firms said they had kept the names of the three main founders in the title to capitalise on more than 100 years’ goodwill.
Taking Stock, back page.
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.
Kevin Reed discusses whether new accountancy group Cogital can rival the Big Four...and its likely direction of travel