Chicago (Feb. 23, 2004) -- Just months after a shakeup that resulted in major changes to its board and the replacement of its chairman and chief executive, top-ranked accounting and consulting firm BDO Seidman confirmed that it had laid off approximately 10 percent of its partners.
BDO spokesman Jerry Walsh said that the firm, which reported 281 partners and revenues of $350 million for its fiscal year ended in June 2003, did trim its partnership by about 10 percent, but he disputed a Chicago Tribune report that cited regulatory changes as dampening demand for tax consulting. Revenue at the Chicago-based firm fell slightly from $353 million for fiscal 2002.
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