Moore Stephens International has
admitted Irish firm Nathans as a member. Nathans was previously a
member of HLB International and operates from offices in Dublin and
Cork.

According to International Accounting
Bulletin data,
Nathans is the 11 largest organisation in Ireland with fee income
of €11.4 million ($16.7 million) in the year to 30 June 2008. The
firm has 123 employees. Half of the firm’s revenue is generated
through assurance services, a quarter through tax, and the rest is
made up of consulting (15 percent) and corporate finance work (10
percent).

The move to Moore Stephens is part of Nathan’s
strategy to focus more on core strengths, such as building the
firm’s international tax practice.

Moore Stephens Nathans managing partner Carl
Dillon explained that Ireland has a low tax regime and the firm was
seeking more inward referral work. Although Nathans was not seeking
to leave HLB International at the time, Dillon believes Moore
Stephens International will provide the firm with a better platform
to secure inward referral work.

“We didn’t believe we were getting enough in
through the lower tax regime,” Dillon added. “The more we talked
with [Moore Stephens International] the more convinced we were that
we could do a lot of business with them. We regard Moore Stephens
as very fertile ground for us to sell what we believe is a very
good product – Ireland’s low-tax regime. The nation is becoming
competitive again quickly.”

Originally established in Cork in 1970,
Nathans expects to achieve revenue growth of 40 percent at its
Dublin office by the end of 2012.

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The firm recently advised on the image rights
elements to a number of high profile transactions in European club
football and for the international rugby union.

Moore Stephens International chairman Richard
Moore said: “Given the demand across Moore Stephens worldwide for a
strong international service in Ireland, it was critical to have a
full service firm in Dublin able to deliver to our international
clients’ needs.”