Client-focused strategy drives strong growth for the Baker Tilly network
The Baker Tilly network today announced combined global revenues of US$3.9bn for the year ended 31 December 2019. This represents a year-on-year growth of 9% at constant exchange rates.
Global headcount has increased 4.7%, to 36,332 people working out of 742 offices worldwide in 146 territories
Revenue growth in local currency was strong in all regions, led by North America with 11%, followed by Asia Pacific at 10%, Latin America at 9%, Middle East and Africa at 9%, and Europe at 5%.
Network CEO Ted Verkade said: “2019 saw us record our highest combined year-on-year growth in a decade. More than 20 mergers and acquisitions were completed across the network, coupled with strong organic growth, in each case strengthening our client service offering.
“We know that there are big waves on the horizon for professional services, many of which will directly impact our clients’ businesses and bring new responsibilities for business leaders, not least to continue to provide great futures to their people. Many will impact the communities in which we work. Our client-focused strategy is designed to position us, and our clients, now to enable us to embrace the opportunities these changes will bring – from technology disruption and sweeping legislation, through to further regulation of the auditing profession.
"Managing, and preparing for, those changes has been part of our planning for several years. I am confident that the work we have done in 2019 sets us up for a strong growth phase in the coming years."