RSM grows fastest of global top ten
RSM International has registered the highest growth in revenues of all the top ten global accounting and consulting firms in 2000, according to a new International Accounting Bulletin global survey.
The mid-tier firm’s combined revenue grew by 20.6% to just under $1.6bn (Pounds 1.12bn) in 2000, placing the firm seventh in the global rankings, up one place from its eighth position in 1999.
RSM’s strong performance in 2000 was spearheaded by its consulting arm which climbed 42% to record revenues of $317m. Auditing remained the biggest cash generator with an income of $730m, although it only grew by 4.6%, while its fiscal branch brought in $397m, a 20.5% rise.
Edouard Salustro, the recently appointed chairman of RSM International, said he was very pleased with the firm’s continued movement up the world rankings, adding that it reflected ‘the growing range and quality of RSM services’.
Salustro said RSM planned to launch a number of initiatives in 2001, including an international Access to Capital program and e-business program.