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Legislation & Litigation

Grant Thornton Partners vote to become shared enterprise firm

By CreditMan Friday, May 8, 2015

Grant Thornton UK LLP has become the first major accountancy firm to launch an all employee consultation on a model for shared enterprise which will see all 4,500 of its people have a say and a stake in the firm.

Last week 99% of the company’s 185 partners overwhelmingly backed a proposal by the leadership team, led by CEO-elect Sacha Romanovitch with the backing of the Oversight Board, to launch a consultation on the implementation of a shared enterprise model.

In a radical departure from the traditional partner owned and run structure - which dominates professional services - shared enterprise means Grant Thornton will become a firm run by all its people.

Building on the firm’s culture which ensures each person’s views are valued, the shared enterprise model will mean Grant Thornton’s 4,500 people in the UK are empowered to make bold and agile decisions to the benefit of the firm’s clients.

Grant Thornton is now consulting with its employees and anticipates the first stages of this new model will be in place by 1 July 2015.