Baker Tilly International network grows global revenue 6.2%
The Baker Tilly International network of accounting firms reported Friday that combined revenue at the firms grew 6.2 percent for the calendar year ending Dec. 31, 2016 to over $3.2 billion, while the number of partners and staff increased 8.9 percent.
On an individual basis, Baker Tilly’s member firms in North America saw revenue growth averaging 7.8 percent, though revenue overall took a slight hit in the region, declining 0.3 percent because two member firms left the network last year. Apart from North America, growth across other regions was strong. Total revenue for network firms in the Asia Pacific region grew 14.3 percent, Europe grew 11.4 percent, Latin America grew 11.1 percent, and the Middle East and Africa grew 8.4 percent.
In terms of headcount, Baker Tilly has now reached more than 30,000 partners and staff across the global network, an all-time high.
Over the past year, mergers and acquisitions have helped firms in the network expand in the U.S., Canada, the U.K. Australia, Kazakhstan and Singapore. In addition to M&A activity, new firms joined the Baker Tilly International network in Austria, Bolivia, Honduras, Ireland, Paraguay, Seychelles, Slovenia, Somalia and Tunisia. As of Dec. 31, 2016, the network included firms in 147 countries, compared to 142 at the end of 2015. The total number of member firms declined slightly from 128 to 126.