peekpublishersRSM, the global accounting firm, has ruled out making any radical changes to its partnership model. The firm’s senior partner, David Gwilliam, stated that while RSM is open to exploring new ways of working and evolving its business model, it remains committed to its partnership structure. Gwilliam emphasized that the partnership model is one of the firm’s key strengths and enables it to provide personalized and high-quality services to its clients.
The decision comes at a time when the accounting industry is facing significant disruption and challenges. Some of the Big Four accounting firms, including Deloitte and PwC, have been experimenting with alternative business models, such as the use of technology and automation to streamline processes and deliver more efficient services. However, RSM believes that its partnership structure is the best fit for its culture and values, allowing the firm to maintain strong client relationships and provide tailored solutions.
Gwilliam acknowledged that there will always be a need for change and adaptation in the accounting industry, but he stressed that RSM’s focus will be on incremental improvements rather than radical transformation. The firm plans to invest in technology and innovation to enhance its service offerings and improve efficiency, but without sacrificing its partnership model.
One key reason for RSM’s decision is the importance of trust in the accounting profession. Gwilliam highlighted that RSM’s partnership structure promotes a sense of ownership and accountability among its partners, which in turn fosters trust with clients. The firm believes that this trust is essential in an industry that deals with sensitive financial information and provides critical advice to businesses and individuals.
Another factor contributing to RSM’s decision is the firm’s international nature. RSM operates in over 120 countries, and its partnership model allows it to maintain a consistent global brand while also adapting to local market conditions. The firm believes that a centralized ownership structure, such
