Deloitte Grabs Andersen Tax Practice, Other Offices Sold as Well
Previously, Big Five firm Ernst & Young and leveraged buyout firm Fox Paine & Co. have expressed an interest  in acquiring some or all of Andersen's U.S. tax practice. In total, before Andersen announced a firm wide layoff  of 7,000 U.S. employees, the Andersen tax practice consisted of 450 partners and about 4,000 staff.
Andersen also announced  it has closed a transaction to transfer the firm's audit and tax practices in Pittsburgh to Big Five firm Ernst & Young.
KPMG has agreed to hire Andersen partners and employees in Seattle, Salt Lake City, Portland, Ore., and Boise. The agreement with KPMG involves 411 Andersen personnel.
Earlier last week, Andersen announced that Ernst & Young will acquire Andersen's offices in Detroit, Ann Arbor, and Grand Rapids, Mich., and Toledo, Ohio. The transfer includes 159 Andersen personnel, including 14 partners and principals.
Andersen partners are reporting  that they are paying Andersen $100,000 to $150,000 for the right to go to other firms and take clients with them.