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London office relocation hits partner profits at PwC
Moving to new offices close to Tower Bridge in the capital has
put a dent in PwC’s partner profits, the Big Four firm has
revealed. Despite an overall increase in profits at the firm for the
year ended 30 June 2012, the average payout to partners fell 4% to
£679,000 from the previous year’s £707,000. Ian Powell,
PwC senior partner, said the firm had revealed the actual profit per
partner figures in addition to those figured for the statutory accounts,
‘in the spirit of transparency’.
The st
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