Baker Tilly France has left Baker Tilly International to join Allinial Global and will rebrand into Walter France, International Accounting Bulletin has learnt.
Baker Tilly France is set up as a national network. International Accounting Bulletin understands that all its members are remaining within the network which is joining Allinial Global except for one firm, Sofidec.
Sofidec was acquired by Strego who joined Baker Tilly International last October. According to its website, Strego has 50 offices in France with 1,000 staff and total fee income of €93m (USA$ 113.9m), meaning that Baker Tilly International could drop out of the top 10 accounting networks in France.
Indeed in the last International Accounting Bulletin France survey, Baker Tilly International ranked 9th with fee income of € 122.8m, while Crowe Horwath and RSM ranked 11th and 12th with fee income of € 113m and € 81m respectively.
On the other hand, with this addition, Allinial Global is expected to climb the ranking table to be the 4th, potentially the 3rd, largest association in France.
Baker Tilly France managing partner Pascal Ferron told International Accounting Bulletin that the partners chose Allinial Global because the association fitted better with Baker Tilly France’s DNA.
“They [Allinial Global] are essentially client orientated with very good member firms so there are no technical issues,” he explained. “We liked their reactivity and the fact that they don’t impose things from the top, trusting the different individualities within the association. They listen to their members and adopt the best practices and good ideas of each of their members for the benefit of all, rather than decide on strategies behind closed doors and imposed them to everyone.”
Baker Tilly France is currently serving its notice with the international network and will have fully transitioned to Allinial Global in June 2018.
Contacted for comment by International Accounting Bulletin, a spokesperson for Baker Tilly International said: “We have no further comments to make.”