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Wednesday, 24th April 2024
FINANCE MAGAZINE Accountancy Survey 2008

KPMG

Financial year end date: 30-04-2008  

FEE INCOME

1.1 Please indicate your fee income for your practice in the Republic of Ireland for your most recent financial year: 307.7 € [millions]
1.2 Please indicate your fee income for your practice for all-Ireland (including Northern Ireland) for your most recent financial year: 307.7 € [millions]
1.5 Is your firm part of an international network? Yes
What is the network's name? KPMG International
1.6 How many locations do you have in Ireland? 5
Please give the locations? Dublin (2); Belfast; Cork; Galway

PARTNER AND STAFF NUMBERS

2.1 In respect of the Republic of Ireland, please indicate the following partner and staff numbers as of now in each area:
  Contact Name Partners Non-partner chargeable Support Staff
Audit / Accounting Ruaidhri Gibbons
Tax Michael Farrell
Consulting David Kennedy/Declan Keane
Corporate Recovery David Kennedy/Kieran Wallace
Corporate Finance David Kennedy/Gerard Flood
Regulatory/Compliance Brian Daly/Sharon Burke
Financial Services Brian Daly
Wealth Management Michael Gaffney
2.4 How many partners are there in your firm? 85
2.5 How many male partners are there in your firm? 74
2.8 How many foreign workers do you currently employ as a percentage of your total workforce? 10%
2.9 And which country(ies) do the majority of these foreign workers come from? Britain, Indian Subcontinent
2.12 Approximately how many people have you recruited in the current year so far, and how many do you expect to recruit next year? (June to June)
  2007/2008 2008/2009
Professionally Qualified 150 30
Non Professional Graduates 30 20
Trainees 346 320

SALARIES

3.4 What non-financial perks and benefits do you offer your employees? eg additional holidays/health insurance/gym memberships/games room etc 1. KPMG offers a full suite of financial perks and benefits to employees. The package is designed to be very flexible with employees able to mix and match benefits to meet their own specific needs
2. The benefits package represents a key component of the total employee package and is highly regarded by our employees

PRACTICE MANAGEMENT

4.1 What do you perceive as being the biggest threat for your industry going forward?
Main threats would be
1. The weaker economic environment and the potential of further worsening
2. Impact of further reduction in Ireland’s competitiveness e.g. less FDI, more offshoring etc.
 
4.2 What do you perceive as being the biggest opportunity for your industry going forward?
A key opportunity for us is the increasing number of Irish companies expanding abroad.
Other opportunities would be 1. The increasing complexity of doing business
2. Increased regulation
 
4.3 Are staff shortages still a major problem in the industry? There is not a simple yes or no answer to this question. Overall, staff shortages are less of a problem given the significant investment we have made in recent years. However, there is still strong demand for the best and brightest people and this is unlikely to change regardless of market conditions
4.4 Do you feel that the partnership model is outdated? No
4.5 Do you feel that your company has to move towards a more corporate model in managing business?
Explain your decision: There is not a simple yes or no answer to this question. In KPMG Ireland, given our size, we have adapted a more corporate style in how we organize and manage ourselves operationally on a day to day basis but the partnership ethos continues to be fundamental to the way we govern ourselves and our business at this time. 
4.6 Do you feel the credit crisis will effect your business going forward? Yes
Explain your decision: The credit crisis has obviously had an impact on all business in Ireland and will continue to do so for some time. The level of transaction activity is down and this impacts the demand for certain services we offer. That said it also promotes opportunities for services that assist companies to ensure they are effectively structured and are managing cash efficiently in a much tighter credit market. 
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