Grant Thornton's FY04 Revenues Rise 31%

National CPA and business advisory firm Grant Thornton said that its year-end revenues rose 31 percent, to $635 million, for the period ended Dec. 31, 2004. The firm, based here, said that over the course of the year, it picked up some 1,000 new client engagements -- many of them former clients of Big Four firms. A firm representative said that the largest growth areas were assurance, consulting and tax, in that order. Last year, the firm ranked No. 7 on Accounting Today's Top 100 Firms list with revenues of $485 million and 328 partners. "I believe that our growth is directly related to our reputation for providing independent, quality services to our many new and long-standing clients," said Grant Thornton chief executive officer Edward Nusbaum.

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