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Sally McIntyre-Brown
Private Practice team
London office
Group A / National Firms
As corporate governance continues to have an impact on the UK and
international company sector, no longer can the Group A firms be
regarded as owner-managed business advisers. The scope of their
technical tax offering continues to expand and will often see them
competing effectively in markets that were once the domain of the Big
Four, such as international structuring, transfer pricing, expatriate
tax and employee remuneration, to name only a few.
Principal areas of demand
There continues to be a real interest in appointing partners who fall into the traditional sectors of high quality privately owned/entrepreneurial companies. These appointments can be both opportunistic and strategic. A new, major area of demand is for partners who are able to take on leadership roles in new and strategically important growth sectors such as:
- International structuring
- Remuneration/employment tax consulting
- Transfer pricing
- Transaction taxes
- High-end private client and capital taxes (partners are always in demand)
Remuneration/profit share
With
the onset of LLP status, some of the finer details of a firm’s finances
are becoming more readily available. Generally, the larger national
firms average an equity profit share in the region of
£250,000-£280,000. These figures are non-geographic or
discipline-specific. The range for experienced senior client service,
technical and management partners will be £400,000-£500,000. Firms in
this sector are keen to attract and retain talented partners and as
such, partners are remunerated on a merit basis.
Notice periods
In line with most equity partnerships, notice periods will be 12 months.
