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KPMG taps partners for extra cash ahead of £1bn Carillion claim

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fnlondon.com

KPMG is bolstering its balance sheet ahead of a £1bn lawsuit, with a new partner ranking plan requiring fresh capital injections into the firm’s coffers, each time a partner reaches a new tier.The firm is also rolling out a new band of non-equity partners, as it awaits the details of the £1bn plus claim from the liquidators of its former audit client Carillion.Under...

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