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Accounting Firms

Johnston Carmichael cuts partners’ pay by 10%

To strengthen its financial position, the firm claimed it took ‘immediate but proportionate measures’ which included reducing its partner drawings by 40% and deferring any distributions

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Johnston Carmichael, an independent member of PKF, has reported a 10% cut in the average pay for its partners from £217,000 to £195,000 for the year ended 31 May 2020.

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