Top 100 firms post double-digit growth for three years running

The majority of the nation’s highest revenue accounting firms are realizing double-digit revenue growth rates according to Public Accounting Report’s Top 100 Firms 2008 annual survey. The “Top 100” actually includes 102 firms, with a three-way tie in revenue for the last spot on the list.

The 2008 Top 100 had an average revenue growth rate of 11.4%, up from 10.8% in 2007. As in previous years, firms outside the Big Four posted stronger overall results than their larger counterparts, with non-Big Four firms growing their revenue at an average rate of 14.4% compared to 10.6% for the Big Four.

In addition to revenue growth rates for overall firms, composite net revenue per partner also rose to more than $2.87 million, a 6.3% increase over the previous year, while net revenues per professional for firms in this year’s Top 100 increased 4% to $320,194 compared to those firms’ previous performance.

This year, the Top 10 remained the same as in 2007 with PricewaterhouseCoopers maintaining the No. 2 spot that it won over Ernst & Young last year.

1. Deloitte (New York, N.Y.)
2. PricewaterhouseCoopers (New York, N.Y.)
3. Ernst & Young (New York, N.Y.)
4. KPMG (New York, N.Y.)
5. RSM McGladrey (Minneapolis, Minn.)
6. Grant Thornton (Chicago, Ill.)
7. BDO Seidman (Chicago, Ill.)
8. CBIZ/Mayer Hoffman McCann (Cleveland, Ohio and Leawood, Kan.)
9. Crowe Group (Oak Brook, Ill.)
10. BKD (Springfield, Mo.)
    

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