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BDO

New hires from rivals are reportedly being axed from the firm, following a steep decline in profits
The expanded firm will comprise roughly 8,500 employees, including 550 partners; in other news, Paul Hastings and Macfarlanes made senior tax hires
The international tax, audit and assurance firm recorded a 4% year-on-year increase in overall turnover to hit $11bn
Despite the decline in profitability, the firm’s tax advisory business delivered a 3.4% revenue growth
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