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Saturday, 20th April 2024
FINANCE MAGAZINE Accountancy Survey 2008

Russell Brennan Keane


FEE INCOME

1.1 Please indicate your fee income for your practice in the Republic of Ireland for your most recent financial year: 17.4 € [millions]
1.2 Please indicate your fee income for your practice for all-Ireland (including Northern Ireland) for your most recent financial year: 17.4 € [millions]

1.3 Please give an indication (by p.c.) of the breakdown of this income:

Audit / Accounting 36 %
Tax 16 %
Consulting 28 %
Corporate Recovery 2 %
Corporate Finance 7 %
Other 11 %

1.4 Please give an indication (by %) of the breakdown of this income by sector:

Regulatory/Compliance 35 %
Wealth Management 2 %
Other 63 %
1.5 Is your firm part of an international network? Yes
What is the network's name? leading edge alliance
1.6 How many locations do you have in Ireland? 3
Please give the locations? Athlone, Roscommon and Dublin

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 Pat Gillen 7 79 16
Tax Jackie Masterson 1 22 3
Consulting Joe Cleary 1 35 2
Corporate Recovery David Gleeson 1 2
Corporate Finance Tom Donohue 2 7 1
Regulatory/Compliance Joe Cleary
Wealth Management Mairead O\'Grady 1 2
2.4 How many partners are there in your firm? 12
2.5 How many male partners are there in your firm? 10
2.6 Please indicate the number of partners in the following age categories:
24-29
30-39 4
40-49 4
50-59 4
60+
2.7 What is the average age that you would expect a partner to retire? 60
2.10 On average how many hours do your partners work in an average week? 45
2.11 As a rough percentage, how many of these hours are chargeable? 61-80%
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 10 5
Non Professional Graduates 5 2
Trainees 23 15

SALARIES

3.1 At your last general salary review, by how much have you increased non-partner basic pay rates? (estimate) 10 %
3.2 Over the next 12 months how much do you expect salary levels in the industry will change? 2 %
3.3 What percentage of non-partner remuneration do you expect to pay over the next 12 months in the form of bonuses? 2 %
3.4 What non-financial perks and benefits do you offer your employees? eg additional holidays/health insurance/gym memberships/games room etc additional leave for long service pay mobile phone bills for all mgt team recruitement commissions & pension

PRACTICE MANAGEMENT

4.1 What do you perceive as being the biggest threat for your industry going forward?
revenue & recession & cash 
4.2 What do you perceive as being the biggest opportunity for your industry going forward?
value added service  
4.3 Are staff shortages still a major problem in the industry? No
4.4 Do you feel that the partnership model is outdated? Yes
4.5 Do you feel that your company has to move towards a more corporate model in managing business? Yes
4.6 Do you feel the credit crisis will effect your business going forward? Yes
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