PracticeAccounting FirmsKPMG records 9% growth in global fees

KPMG records 9% growth in global fees

Despite persistent market difficulties, KPMG International has announced a 9% hike in fee income, reporting revenues of $11.7bn (Pounds 8bn) for 2001.

Citing a persistent and challenging economic climate in the latter half of its financial year, KPMG’s global chief Steve Butler described the growth rate as ‘robust’.

The firm’s remaining consulting business led the way, growing 19% to $1.5bn, though the lion’s share was floated off earlier in the year.

Deloitte Touche Tohmatsu can now claim to be the second largest of the Big Five firms worldwide, having reported last month fees of $12.4bn, though the firm is resolutely keeping hold of its consultancy practice.

KPMG confirmed its intention to sell off its remaining European consultancy practice.

It is thought likely that it would be acquired by the US company, KPMG Consulting Inc, though it is believed other companies have expressed an interest in buying the practice.

Links

PwC growth slows

KPMG figures up

Related Articles

EY director joins Crowe Clark Whitehill as partner

Accounting Firms EY director joins Crowe Clark Whitehill as partner

12h Emma Smith, Managing Editor
RSM announces growth across every business line in 2017

Accounting Firms RSM announces growth across every business line in 2017

3d Lucy Skoulding, Reporter
WorkStyle: Helping accountants to support new contractors

Accounting Firms WorkStyle: Helping accountants to support new contractors

1w ClearSky Accounting | Sponsored
Grant Thornton grows profits while radically reshaping portfolio

Accounting Firms Grant Thornton grows profits while radically reshaping portfolio

1w Alia Shoaib, Reporter
How to protect LLP firms from a damaging team move

Accounting Firms How to protect LLP firms from a damaging team move

1w Clive Greenwood, Lewis Silkin
Grant Thornton reports gender pay gap at 26.6%

Accounting Firms Grant Thornton reports gender pay gap at 26.6%

3w Alia Shoaib, Reporter
5 ways to adapt your accounting services for millennial clients

Accounting Firms 5 ways to adapt your accounting services for millennial clients

4w Receipt Bank | Sponsored
Smith & Williamson reports double digit growth

Accounting Firms Smith & Williamson reports double digit growth

4w Alia Shoaib, Reporter