Top 50 Survey of Firms, 2007
07 Jun 2007, Accountancy Age, AccountancyAge
http://www.accountancyage.com/aa/special/1776618/top-survey-firms-2007
With more than £1bn on top of last year’s combined revenues, there’s no doubt that the UK’s Top 50 firms have had another very successful year. Total combined revenues are now up to £8.7bn, a huge figure, though that is, of course, dominated by the Big Four. Audit, despite sometimes appearing like the Cinderella service line, is still the Top 50’s biggest money spinner.
To see the full results online click here
To watch the Top 50 interviews on AccountancyAgeTV, click here
But our survey reveals much more. On average women make up only 9.7% of partners within a firm and the number of female qualifieds has dropped year on year by two percentage points. Partners from ethnic minority groups still only make up 5.9% of the total.
Our analysis also spotlights the growing gap between the Big Four and the mid-tier firms that are chasing them. That gap has grown begging the question – has the debate on audit choice had any effect at all? BDO Stoy Hayward’s Jeremy Newman thinks it hasn’t and believes the explanation is all about investment.
And partners are growing older. But does that mean there are huge succession problems looming on the horizon? Some observers do and believe the trend will lead to greater consolidation in the market place.
To download the Top 50 survey and runners and riders as pdf files click below:
All the news and analysis of the Top 50, 2007:
- News
Larger firms still failing on ethnic minority partners
Male domination of profession continues
- Analysis
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Visitor comments
Suggestion for next year's survey
I don't mean to be rude, but here are some suggestions for next year's survey:
1) Look at www.thelawyer.com for their survey of the law top 100. It is a pretty good guide as to what many of us would really like to know: summary of individual firms activites in the year etc, firm strategy, Profits per partner / senior partner, partner earnings spread, number of fee earners....
2) As your table suggests, you are comparing Deloitte's 2007 financial year to the other Big Four firms' 2006 figures. If you simply waited a month or two, you could publish all of the 2007 figures, which would make for a more meaningful comparision.
Posted by: Mike W , 06 Jun 2007 | 00:00
Overstated jump up the list?
I see Streets' result (at number 34) is based on accounts to 30/06/08, as this is after the date of publication surely this is a forecast. In the 2007 survey Streets used their 30/06/06 results so this year should be based on 30/06/07. A clear PR 'trick' to make them jump up the list I think.
Posted by: Ruthie C , 24 Jun 2008 | 00:00