KPMG Announces Fall In Profits
Partners at KPMG have suffered an £80,000 fall in their average share of profits, capping a tough year for Britain’s top accountancy firms.
The firm said that its profits were eroded because recruitment costs for its fast-growing consulting divisions had not been matched by a pick-up in work from takeover deals. These had yielded huge fees for the City’s leading professional services firms before the financial crisis.
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