PracticeConsultingRevolution in the mid-tier

Revolution in the mid-tier

The era of accountancy consolidators has well and truly arrived. Tenon took 15th position in the new Accountancy Age Top 50 barely a year after setting up, while Jobtel has announced plans to float before the end of the year in order to generate additional funds.

Added to this is the emergence of software producer Harris Walters and reports of more consolidators being unveiled in recent weeks.

It is clear that this movement is continuing to gain momentum and mid-tier firms need to consider their positions.

There are a raft of issues to debate including control, succession, liability and culture. But with more consolidators to choose from there may well soon be a model to suit everyone. And as they get bigger, the whole landscape of the mid-tier will slowly change.

Firms that ignore this issue do so at their peril.

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