PwC set to become smallest big four firm

PwC is likely to be the smallest of the big four accounting partnerships at the end of the financial year, after more than 200 partners left the once-ascendant firm following its tax leaks scandal.

PwC chief executive Kevin Burrowes expects the partnership to settle at about 650 partners following a promotion round in July, compared to 882 at the same point last year. That would position it below KPMG, the smallest of the big four, which had 713 partners at the end of the last financial year.