PricewaterhouseCoopers reported that total gross revenues for its worldwide network rose to $28.2 billion for the fiscal year ended June 1, 2008, an 8 or 14 percent increase, depending on exchange rates.

Growth in the advisory business rose 14 percent to $6.9 billion, while revenues from tax operations increased 13 percent to $7.5 billion. Meanwhile, PwC's assurance practice was up 3 percent to $13.8 billion.

All of PwC's member firms saw increased revenues in fiscal year 2008, growing 20 to 21 percent in Asia, the Middle East, Africa, and Central and Eastern Europe. However, revenue climbed only 8 percent in Western Europe and only 2 percent in North America.

PwC has also voted to adopt a new organizational model, dividing its network into three major clusters led by the senior partner of the leading national firm of each cluster. The firm originally announced plans for the reorganization in August (see PwC Restructures Global Network).

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