PracticeAuditGrant Thornton revenues jump 17%

Grant Thornton revenues jump 17%

Grant Thornton’s US firm has posted a 17% increase in 2007 revenues, to $1.04bn, thanks to its expanding international client base

Grant
Thornton LLP
, the US operations of auditing firm Grant Thornton
International, has posted a 17% rise in fiscal 2007 revenues, to $US1.04bn
(?508m) – up from $US939.55m in the previous year.

The firm attributed the growth to its expanding international client base. Of
its 1896 new client engagements, one in five was with companies with global
operations. In the past year, Grant Thornton LLP opened new offices in San
Antonio, Texas; and San Diego, California. The firm’s Seattle office launched an
Indian tax and business services gateway to help companies either establish a
presence in India or structure their investments there. Grant Thornton LLP has
also introduced a private equity initiative to provide additional service to
private equity firms.

In the past year, the firm also acquired Stout Risius Ross’s restructuring
and performance improvement group to build its recovery and reorganisation
services practice.

‘Our extraordinary growth reflects the global marketplaces’ recognition of
our unique and innovative approach to client service and the calibre of our
people,’ Edward Nusbaum, Grant Thornton LLP chief executive officer, said.

Further reading:

Grant Thornton deal shakes up auditor rankings

Top 50: a show of strength

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