This week the Financial Review published its 2017 list. The rankings are based on firm revenue. The Top 100 firms generated total revenue of $9.99 billion in the past financial year, up 10 per cent on the previous year. The report says the industry has benefitted from a stronger economy and says those that have invested in technology and recruited or trained staff up in technical skills have grown revenue strongly in the past year. Growth was also evident in firms through acquisition, particularly in the accounting and financial advisory areas, and within smaller firms who focused on a market segment or a particular service offering.
Hall Chadwick Partner Drew Townsend says to the report’s results “We have experienced substantial growth in our audit division in a fairly flat market and we’ve had steady growth in our taxation and corporate practices. The insights in this report show that we are competitively placed to deliver the full range of accounting specialties at the level of larger firms. We believe we do this with a better service model and our clients support us on this thinking”.
David Lissauer at Hall Chadwick Melbourne said “Consulting and advisory services are our fastest growing areas. We’ve had compound growth in our forensics and international advisory offerings through 2017. Looking forward, we will continue to leverage the expertise across the Hall Chadwick group and our international association with PrimeGlobal to align services to the expectation of our clients”.
The Australian Financial Review’s Top 100 Accounting Firms was produced by the Financial Review in partnership with Chartered Accountants ANZ.