KPMG, the accountancy and professional services firm, has profited from this year's economic slow-down with UK turnover from corporate restructurings up 91% compared with the same period last year.

Alan Reid, chief operating officer for KPMG in the UK, said that fee income topped £80m (€129m) for the restructuring services team for the year ending September 30. Restructuring covers corporate recovery, tax, transaction services and legal teams. Reid said that the firm would make an above-average investment in this sector next year in expectation of equally high returns.