Grant Thornton LLP achieved record revenues of $1.65 billion in the fiscal year ending July 31, 2016, up 11.4 percent from fiscal year 2015, driven most by growth in the Chicago-based firm’s advisory practice.
Advisory revenues were up 17.9 percent, followed by tax, which grew 9.4 percent, and then audit services, up 6.3 percent.
“In FY 2016, we made great progress in delivering excellence for our clients, producing strong financial results and investing for sustainable, long-term success,” said Grant Thornton CEO Mike McGuire in a statement Tuesday. “We made a number of key hires and promotions, including naming Jim Brady as our chief operating officer. And we retained more of our talented professionals than ever before—with a focus on building a healthy, collaborative, high-performance culture. Most importantly, we continued to increase our investments in quality, the foundation of all we do.”
Among the factors driving revenues this year in the firm’s advisory practice was the acquisition in April of the business consulting firm Arryve (see Grant Thornton Acquires Arryve).
The firm also announced Tuesday that it is expanding its offices in Omaha.
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