BDO UK Partner Pay Drops 14% to £589,000 After Deals Slow (1)

BDO UK partner pay fell 14% in its latest set of results after a slowdown in its deals practice.

The UK arm of the accountancy firm said average profit per equity partner for the year to July 4 slipped to £589,000 ($780,000), from £681,000 in the previous year, the firm said in a statement.

Revenue was broadly flat at £1 billion, while operating profit fell 7.5% to £210 million as the firm navigated an uncertain economic backdrop in the UK.

The firm, which now has more than 500 partner, said its deals practice shrank 4% and its audit unit was ...