The firm announced it was to take on limited liability status and reintroduce partnerships with performance-related pay. The changes are intended to reincentivise managers to perform better and make more money.
But after last year’s aborted offers to buy Numerica, this latest change is likely, in the short term, to present another blow to morale and raise further questions over the integrator/consolidator business model. Only time will tell if the Numerica’s executives now have it right.
UK senior partner Phil Verity has been elected for a second term at Mazars
Tallat Mahmood appointed to corporate finance team of Top 20 firm
Top 25 firm HW Fisher & Co has acquired London firm Rhodes & Rhodes
Top Ten firm RSM has appointed Nick Blundell as its head of corporate tax in Birmingham