Grant Thornton, the U.S. member firm of Grant Thornton International, posted a 12 percent rise in fiscal 2007 revenues to reach $1.036 billion.

The firm earned $939.55 million in revenue last year. One reason for the growth is that GT has been expanding its international client base. Of its 1,896 new client engagements, one in five were with companies with global operations.

In the past year, GT has opened new offices in San Antonio and San Diego. The firm's Seattle office launched an India Tax and Business Services Gateway to help companies either establish a presence in India or structure their investments there. GT has also introduced a private equity initiative to provide further service to private equity firms.

In the past year, the firm also acquired Stout Risius Ross' restructuring and performance improvement group to build its recovery and reorganization services practice.

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