KPMG doubles pace of partner promotions amid hiring drive

ACCOUNTANCY firm KPMG has doubled the number of staff it has promoted to the position of partner and director since last year, as part of its strategy of growing headcount to meet rising client demand.

KPMG this month appointed 37 staff to its partnership and 110 to the position of director, compared to 20 new partners and 49 new directors who were promoted in 2009.

The news comes after it emerged recently that the firm plans to add 3,000 staff to its UK payroll over the next three years, as increasing levels of M&A, restructuring and other corporate activity in the improving economic climate start to boost demand for its services. In Europe, KPMG plans to expand by about 8,000 staff over the three years, boosting its current headcount by over a quarter.