In this week’s career moves, partner promotions and hires at Azets, Devonshires, PKF Littlejohn, Johnston Carmichael, S&W, Grant Thornton, iplicit, Acting Office
In second round of redundancies this year, KPMG cuts several hundred client-facing advisors in consulting and deal advisory citing ‘low levels of attrition’
The shift to alternative advice from finfluencers and AI means firms have to work twice as hard to retain clients and win new business, and they cannot stand idly by in the face of the threat, says Esha Amani-Cundy, personal tax manager at Ward Goodman
Eriona Bajrakurtaj, chief executive of Majors Accounts, says AI will not replace accountants, but firms need to prioritise the development of young professionals with a shift in the training mindset
Independently owned Streets snaps up century-old firm John Potter & Harrison, expanding northwest presence, and committing to retain strong local links
In a first for KPMG, the Big Four firm appoints Vicki Heard as first female group managing partner, overseeing the UK/Swiss group’s operational and performance strategy
Contrary to talk of the decline of Big Four training contracts, numbers hold up at Deloitte with new starters totalling 1,500, including new graduates, apprentices, and industrial placements
Government names and shames hundreds of employers for failing to pay the national minimum wage with £4.2m owed to staff, with four accounting firms on the list
AI-assisted drafting and re-drafting may gradually alter the substance of advice in ways that are difficult to detect, so professional judgment is absolutely critical while ‘vibe lawyering’ must be avoided, says Cécile Perrault, senior associate, tax disputes at Stewarts
Accounting giant Deloitte agrees to pay $21.5m after failed to comply with US ‘anti-discrimination requirements’ when tendering for public sector contracts
Julien Gruhier, director of AI at Croner Intelligence, explains agentic AI, why narrow agents are specialists, not generalists and why this matters for accountants and tax professionals