A tenth of BDO Stoy Hayward's partners will be leaving the firm.
In what managing partner Simon Michaels described as a "difficult decision and not one we have made lightly," the move has been taken to keep the firm competitive.
"We have looked closely at the changes in the market, how they will affect our business, and where the opportunities lie. The conclusion was that we need to continue to reshape our business," said Michaels.
"All the partners are well respected and have made a valuable contribution to the firm during their time as partners. We wish all the partners who are leaving the firm the very best for the future."
More to follow.
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