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flag UK accounting firms saw 6% M&A growth in 2023 due to succession issues and tech demand, with mid-tier consolidations and major firms investing heavily in AI and automation.

flag UK accounting firms saw a 6% rise in M&A activity in 2023, with 33 firms reporting acquisitions, driven by succession challenges, regulatory complexity, and demand for expanded services. flag Mid-tier firms are consolidating, while major players like PwC and EY pursue tech-focused deals to boost consulting and digital capabilities. flag Technology investment is surging, with top firms spending over £900,000 on tools like AI and automation, improving efficiency and client service. flag Despite growth in fee income and international integration, challenges persist, including talent shortages, fee pressure, and slow progress on gender diversity, with only a few firms achieving significant female partner representation.

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