Grow your practice

Insight / Consultancy revenue hits £3bn at top accounting firms

The consulting arms of UK accounting firms, notably the Big Four, accounted for nearly 40% of all revenues earned in the UK consulting market in 2017, winning the majority of the work in the financial services market and representing the fastest growing firm segment, according to a report from Source Global Research

Insight / Non-disclosure agreements: what you need to know

Beth Hale & Nick Hawkins of CM Murray LLP examine the pros and cons of non-disclosure agreements (NDA) in employment contracts in light of recent scandals and consider how they these legally binding documents can protect businesses and minimise disputes

Insight / Baldwins snaps up Rawlinsons LLP as targets east of England

Baldwins, part of CogitalGroup, has hit the acquisition trail again and is expanding into Cambridgeshire for the first time after merging with local firm Rawlinsons LLP

Insight / Milsted Langdon expands with Bristol acquisition

Regional accountancy firm Milsted Langdon has acquired Bristol based accountants and business advisory firm Houghton Stone, bringing all staff on board as part of the merger

Tax / Excel skills no longer a ‘must have’ for accountants

CFOs no longer consider Excel as an essential skill and are more concerned about employees’ ability to adapt to new technologies, according to research by Adaptive Insights

Insight / Economic trends: productivity levels shows signs of improvement

Although the UK’s productivity is showing signs of improvement, over-optimism can lead to errors in forecasts, warns Martin Beck, senior economist at Oxford Economics

Insight / Insurer CBLIE told to stop underwriting new fee protection insurance

The Central Bank of Ireland has ordered CBL Corporation Limited (CBL), a specialist insurer and reinsurer focused on credit and financial risk, to stop writing new insurance through its European subsidiary, CBL Insurance Europe Dac (CBLIE), until further notice

Insight / Accountants and firms count on friends at work

The majority of accountants view work colleagues as friends and rely on them for personal and professional support, according to research from CV-Library which suggests there are also benefits to employers from a friendly workplace

Insight / PwC blows away winter blues at Wizard of Oz panto

The 32nd annual PwC Panto, the Wizard of Oz, is a dazzling display of technicolour talent and energy with 200 PwC staff and alumni performing the show, sharing the fun with 8,000-plus kids from inner city schools and charities, who get to go for free, not to mention the grown-ups

Insight / Longe steps down as CEO of RSM

Laurence Longe is to step down as CEO of RSM after 22 years at the head of the firm, with current CEO David Gwilliam named as his successor in the top job

Insight / Top 75 Firms survey 2018: risk of profit meltdown

In a record year for firms as fee income surges towards £15bn, profitability is being squeezed and smaller firms are at risk. Philip Smith analyses the latest financial results, profitability, growth areas and considers the key trends to watch

Insight / Accountex Summit North set for 6 March

Accountex is launching a one-day accounting conference and exhibition in Manchester, Accountex Summit North, on 6 March 2018 for accountants and finance professionals

Insight / Grant Thornton sees digital forensics and cyber investment as key for 2018

Head of top five accounting firm Grant Thornton UK LLP, Sacha Romanovitch talks to Accountancy’s Sara White about the firm’s annual results, strategic investments in digital forensics and financial services, and the importance of taking a global view of Brexit

Insight / Grant Thornton reports 6% drop in fee income to £500m

Grant Thornton UK LLP has reported a drop in fee income to £500m, down from £534m in 2016 due to a one-off cancellation of a major government funded contract, but profitability has improved as the number five accounting firm has strengthened various services lines, including forensic services

Insight / Prager Metis LLP snaps up Smallfield Cody

Accounting firm Prager Metis LLP has merged with Smallfield Cody & Co, a specialist firm based in London, which focuses on providing services to UK media and entertainment clients