RSM Bentley Jennison has reacted to the changing economic conditions by launching a new corporate restructuring and insolvency division.
The firm, which was named as the country's 14th biggest
accountancy practice in last year's Accountancy Age survey, believes the fallout from the credit crunch will result in more businesses struggling.
As a result, it has decided to extend the range of insolvency and corporate restructuring services it offers and has recruited specialists Phil Smith and Simon Thomas from Begbies Traynor to manage the new division.
Managing partner Tony Stockdale predicted the new men would benefit both the firm and its customers, adding: "Bringing in an experienced and proven team takes RSM Bentley Jennison even closer to our objective of being the leading Group A advisor."
Despite widespread discussion about a downturn in economic conditions, statistics compiled by The Insolvency Service show that the number of corporate insolvencies in the fourth quarter of 2007 was 2.1 per cent lower than in the corresponding period in 2006.
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