Article written by Mark Baker, Partner
My main focus in 2024 has been Partner level appointments. I have seen more external Partner appointments than ever before. The professional services landscape in Ireland has undergone significant shifts throughout 2024, with the need for Partner-level talent dominating the agenda of the leading accounting firms. As we look ahead to 2025, several key trends are emerging, offering both challenges and opportunities for firms and candidates alike.
Partner-Level Hiring Trends in 2024
This year has been marked by substantial activity in Partner recruitment, particularly in Audit, Tax (across both Financial Services and Industry), Corporate Finance, and Accounting Advisory. These disciplines have shown sustained demand, underpinned by the broader economic resilience and regulatory changes driving the need for specialised expertise. I have noticed that Risk Advisory has not had the same momentum, but there has been an emergence of specialist firms looking for top talent to lead and grow their new service lines.
Recruitment activity is not confined to Ireland’s top-tier accounting firms. While the Top 10 continue to attract the lion’s share of talent, smaller firms (both domestic and international) are increasingly becoming viable alternatives for ambitious professionals seeking faster career progression and a more entrepreneurial environment.
The Impact of Private Equity
As we are all aware of by now, one of the most notable developments in recent years has been the influx of Private Equity investment into Ireland’s professional services sector. This trend has driven a wave of consolidation, with PE-backed firms acquiring smaller practices to scale operations and expand service offerings. Initially, this created a degree of unrest below Partner level, as professionals grappled with the implications of this new ownership structure.
However, 2024 has seen a notable shift in sentiment. As the mechanics of long-term incentives and career trajectories within PE-backed firms become clearer, many professionals are warming to the model. These firms now offer competitive packages that include lucrative equity stakes, aligning personal and organisational growth objectives.
Despite this, firms with traditional equity partnership models remain the preferred choice for many candidates. These firms often appeal to those who value the predictability and legacy of a traditional career progression route, and this has become a key differentiator in attracting top talent.
Opportunities for Directors Considering a Move to Partner
For Directors contemplating the leap to Partner, it is worth noting that such moves are now more common and attainable than they might assume. Throughout 2024, I have successfully placed more candidates than ever at the Partner level across a range of firms. These appointments underscore a growing willingness among firms to invest in external talent for critical leadership roles.
The pathway to Partner is no longer bound by traditional tenure or internal progression. Instead, firms are increasingly open to bringing in Directors who can demonstrate a robust business case—whether through client relationships, technical expertise, or leadership acumen. This openness creates a fertile ground for ambitious Directors to explore Partner opportunities, especially in firms that align with their professional values and aspirations.
Outlook for 2025
As we approach 2025, the outlook for Partner-level hiring in Ireland remains strong. The ongoing demand in high-growth areas such as Tax and Corporate Finance will likely persist, driven by economic trends and regulatory changes. Meanwhile, Audit will continue to require top-tier talent to address evolving compliance demands, particularly with mandatory CSRD-aligned ESG reporting.
We also anticipate a continued balancing act between traditional equity partnership models and PE-backed structures. Firms that can articulate clear, compelling value propositions—whether through financial incentives, firm long term goals, and most importantly cultural fit—will stand out in the competitive talent market.
Conclusion
For Directors aspiring to become Partners, there has never been a better time to make the leap. The opportunities are abundant, and firms are actively seeking leaders who can drive growth and innovation. If you’ve ever considered exploring your options, Q1 2025 is the time to act.
At Darwin Hawkins, I specialise in Partner-level recruitment, with a proven track record of placing exceptional talent in leading firms across Ireland. If you’re ready to take the next step in your career, let’s have a conversation about your future.
Mark Baker
Partner, Darwin Hawkins
015294201