This slipped through the cracks, but it might be of interest to a few of you RSM fanboys and fangirls.
RSM posts record revenues as consulting services power growth.
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— RSM UAE (@RSM_AE) January 31, 2019
The $5.37 billion in global revenue the firm hauled in last year is up 5.4% from 2017.
All three of RSM’s core service lines grew in 2018, the firm said:
Twelve months of growth have been spearheaded by an increase in the network’s consulting services, with revenues up 14.5% on 2017. The introduction of GDPR, increased cross-border trade risk and the growing threat from cybercrime have all provided new opportunities to extend relationships with clients. Elsewhere, tax advisory services have grown by 6%, while accounting services are up 13%. In addition, international collaboration between member firms remains a core contributor to RSM’s growth, with cross-border client fees increasing 18%.
Now that RSM’s 2018 numbers are in, here’s your current global accounting firm leaderboard in terms of revenues:
- Deloitte: $43.2 billion
- PwC: $41.3 billion
- EY: $34.8 billion
- KPMG: $29 billion
- BDO: $9 billion
- Grant Thornton: $5.45 billion
- RSM: $5.37 billion
RSM US solidified its spot as the fifth-largest accounting firm in the States with revenue of $2.14 billion in FY 2018.
The firm announced in February that it will be moving its U.S. headquarters from 1 S. Wacker Drive in Chicago to the 30 S. Wacker tower of the CME Center in Chicago sometime in late 2020 or early 2021.