PracticeAccounting FirmsSophisticated pattern of growth among firms

Sophisticated pattern of growth among firms

To use the technical definition, and to take the overall Top 50 league table as a guide, accountancy is in recession. That won't surprise many senior partners at the larger firms - or corporate finance partners anywhere for that matter - but it does miss the very different forces at play within the industry right now.

Larger firms are currently enduring little to no growth – in real terms contraction is not uncommon. But among smaller firms the picture is very different.

Even without the mergers and acquisitions of firms and service lines that have helped shore up others, many smaller firms are experiencing significant real-term growth.

And it is happening across different service lines. Small-ticket consultancy and corporate finance work is still making these firms a living, even if the larger players are sniffing around now the big ticket work has dried up.

Email: comment@accountancyage.com.

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