I see from the latest accountancy Ireland there has been a raft of new partner appointments at KPMG, BDO and a number of the other big accountancy firms.
I've always wondered though what happens in a downturn? As a partner you are self employed - do they just return to being directors or are they are no longer needed as the clients aren't there? Surely they can't continue with the same amount of partners in this case?
Anyone know?
I've always wondered though what happens in a downturn? As a partner you are self employed - do they just return to being directors or are they are no longer needed as the clients aren't there? Surely they can't continue with the same amount of partners in this case?
Anyone know?