Grant Thornton LLP reported that firm revenues climbed 25 percent for the calendar year ending Dec. 31, to $795 million.
Revenues for the firm have nearly doubled over the last three years (from $400 million in 2002), employee ranks have increased by more than 50 percent, to 4,781, and the number of partners has also grown 36 percent, to 425. The firm said that since 2001, it has lead other U.S. operations of global accounting organizations every year in growth, growing three times as fast.
"While we are pleased with our growth, Grant Thornton is most concerned with providing independent, quality services to our clients," said chief executive Edward Nusbaum, in a statement.
Among other achievements in 2005, Grant Thornton:
- Was named to the Companies That Care 2005 Honor Roll, recognized as an organization that demonstrates a measurable commitment to its community;
- Partner Mike Starr served as president of the Enhanced Business Reporting Consortium, whose mission is to promote greater transparency of corporate strategy and performance by developing a framework for presentation of qualitative information; and,
- Director Daniel Roberts served as chairman of the XBRL-U.S. Steering Committee, which is aiming to make XBRL the standard for all internal and external business reporting for U.S. organizations.
Grant Thornton LLP is the U.S. member firm of Grant Thornton International. The firm ranked No. 6 on Accounting Today's 2005 list of Top 100 Firms, with $634 million in annual revenues.
