RSM announces 6% growth globally

RSM announces 6% growth globally

RSM now sixth-largest international accountancy network

RSM has announced that it grew 6% globally last year, making it the sixth-largest annountancy network worldwide.

Its results to the year ended 31 December 2015 show its overall fee income hit $4.64bn (£3bn). Fee income was up 10% in the USA, 10% in Europe (based on fee income in local currencies), 6% in Middle East and North Africa, 1% in Asia Pacific, and 9% in Latin America. Audit and accountancy fees increased by 4% to $2.27bn, tax grew by 7% to more than $1.35bn, and consulting/advisory was up 6.9% to $1.02bn.

In October last year, RSM member firms globally adopted the brand and trading name ‘RSM’ – a move which saw its UK member firm, Baker Tilly, change its name, having left its eponymous network Baker Tilly International.

CEO of RSM Jean Stephens (pictured) said: “We have had a very positive year and these figures indicate that RSM is going from strength to strength. RSM firms worldwide are helping companies operate in an increasingly complex and rapidly changing environment by providing expert advice and insights that are based on a deep understanding of their business wherever they may be. Our unified brand is allowing us to focus on the needs of our clients even more, giving them the confidence to take their business forward”.

During 2015, RSM appointed eleven new member and correspondent firms in Bangladesh, Belarus, Bosnia and Herzegovina, Colombia, Italy, Mali, Niger, Philippines, Sri Lanka, Tajikistan and Zimbabwe. The network now comprises more than 38,000 staff working across 760 offices in 120 countries.

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

Professional Services Why Professional Services Firms Should Ditch Folders and Embrace Metadata

3y

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

3y

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

View resource
Turn Accounts Payable into a value-engine

Accounting Firms Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
Digital Links: A guide to MTD in 2021

Making Tax Digital Digital Links: A guide to MTD in 2021

3y

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource