Deloitte UK has announced a reduction in the number of employees promoted to partner, with only 60 achieving this title in 2024, a decline of 21 from the previous year. The firm has also converted 77 individuals from salaried to equity partner, signaling confidence despite challenging market conditions. Partner promotions were aligned with the close of Deloitte's financial year, where total profits are expected to slightly exceed last year but fall short of original plans. Internal communications highlight ongoing pressures within the consulting sector affecting growth and bonuses.
Deloitte UK promoted 60 employees to partner this year, down from 81 last year, amid ongoing pressure in the consulting industry.
Richard Houston stated that the increase in equity partners is a sign of confidence in the firm's future, despite market pressures.
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