Grant Thornton LLP, the U.S. member firm of Grant Thornton International, reported that its revenues for the 2006 fiscal year were up 22 percent, to $886 million.Among the firm’s highlights for the year ended July 31, 2006:
- More than 200 new clients with global operations were brought in, bringing Grant Thornton’s client total near 2,000;
- The launch of two new practices -- the Health Care Industry Practice, and Recovery and Reorganization Services;
- The launch of the Latin American Tax Portal in Grant Thornton’s Miami office, aimed at better serving the firm’s client base of multinational companies; and,
- The appointment of former RSM McGladrey Inc. chief executive and president, Thomas G. Rotherham, as the firm’s new U.S. managing partner of client service.
In a statement, Grant Thornton also touted its thought leadership work. Over the course of the past year, the firm spoke out in support of Section 404 of the Sarbanes-Act (saying that the Securities and Exchange Commission should only fine-tune the regulations) and called for increased transparency in reporting auditor changes. Grant Thornton also submitted comments to the Treasury Department and the Internal Revenue Service on the Section 199 Proposed Regulations and saw two of its partners awarded key leadership positions on the Extensible Business Reporting Language -U.S. Steering Committee and at the Yale Center for Corporate Governance.The firm was also recognized by more than a handful of practices for its work environment and its treatment of employees.
Grant Thornton ranked No. 7 on Accounting Today's 2006 list of Top 100 Firms, with revenues of $795 million.
