Grant Thornton LLP has achieved an all-time high annual revenue mark for the U.S. member firm of Grant Thornton International, with $1.274 billion in revenue generated in fiscal year 2013, up 5 percent from the previous year.
Revenue growth increased across various service lines at the firm. Advisory services continued to lead the way, advancing 9 percent from the fiscal year 2012. Audit services, in which competition remains high, grew 2 percent while tax services increased 6 percent in annual revenue. The firm’s financial services, energy and health care practices led from an industry perspective, achieving double-digit growth for the year.
“Attaining record revenues in a still tepid economic environment is a testament to our long-term strategy of focusing on dynamic, mid-sized clients that are poised for growth,” said Grant Thornton CEO Stephen Chipman in a statement. “We continue to invest in talent who make a marked difference in the quality and breadth and depth of our services to clients in our chosen markets.”
The firm also said Wednesday that it resolved several long-standing legal matters during the year. In addition, it made several notable investments, including the opening of a shared service center in Bangalore, India, and the recent acquisition of the Oracle Solutions business unit of MarketSphere LLC (see