Partners at BDO and PKF have formally agreed the terms of a merger that will result in PKF being swallowed up by spring 2013.
The new firm will have 3,500 members of staff in the UK generating revenues up to £400m. Even if it achieves this level of fee income, the expanded BDO will be set to challenge Grant Thornton as the UK's fifth biggest accounting firm.
About Robert Lovell
Business and finance journalist