The Big Five firm’s global annual revenues for the year to 31 May 2001 were $12.4bn (Pounds 8.6bn), representing a 10.7% growth rate over the year 1999-2000. Deloittes grew 14.1% worldwide over 1998-1999.
Jim Copeland, Deloittes chief executive officer, said: ‘The softening economic climate and recent events in the United States have inevitably affected both our business and that of our clients.’
Deloittes was only one of two Big Five firms not to hive off its consultancy arm following a crackdown on accountancy firms’ cross-selling services on the back of audit work to existing clients.
‘The quality and the successes of our people, and the decisions of some of our competitors to split off part of their intellectual capital, have enabled us to become the second largest professional services firm in the world – two year ahead of our ambitious plans,’ added Copeland.
Unlike its rivals Deloittes has so far avoided large-scale job cuts in the UK. However some 1,100 staff lost their jobs in the US.
Deloittes employees more than 95,000 staff in 140 countries.
Andrew Howson joins the firm from EY, bringing experience in advising private equity and corporate clients across multiple sectors in the UK and Europe
Dennis Layton takes up the position on April 1 and will contribute to the firm’s goal of becoming the leading global professional services organisation by 2020
Richard Cartwright becomes the new head, taking over from incumbent head of office David Lemon
Brian Burke, business development director, has moved within the firm to 'develop Quantuma’s networks with Sussex professional firms'