We have some at my firm leaving to be a direct entry partner at EY consulting. He was told he will benefit from the split the same way all other EY partners will. Anyone know if that is accurate?

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Posting as :
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What firm ?

What split

I believe the way it happened with Andersen/Accenture is those that benefited were the Andersen partners not those going to newco but someone on here may be able to definitely say one way or the other

You definitely have your history incorrect. Andersen received only the payments that were already owed to it under internal agreement. Andersen consulting was allowed to leave by ruling of International Arbitrator without paying a single $ of break up payment.

All partners will participate in the split, so yes, if he’s admitted to the partnership before the ink has dried on the deal, he will benefit.

But there’s no guarantee the deal will go through. I’m skeptical at this point.

Agree. I’d be really surprised. There’s a high bar as far as how many partners have to agree and many are very skeptical it’s a good idea.

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