Following our reports last week profiling the revenue and changes in headcount of major Australian law firms, this week we will give a brief overview of the major accounting firms.
The overview shows that in contrast to the major law firms, revenue has remained largely unchanged amongst the Big 4. However, the redundancy schemes that we have reported in respect of PwC, KPMG and Ernst & Young, in addition to the rumoured redundancies at Deloitte, have no doubt considerably reduced headcount. Based on that, the slight movements in revenue must be considered in the light of fewer workers doing more and partners paying less to get the work done.
The following fantastic statistics come from BRW (27/8) and BRW (3/9):
Partners – 475
Other Accountants – 4260
Revenue 2008/09 – $1,424,478,000.00
Growth – +1.1%
Revenue Per Partner – $2,998,901
Partners – 399
Other Accountants – 3455
Revenue 2008/09 – $1,021,000,000.00
Growth – +1.4&
Revenue Per Partner – $2,558,897.00
Partners – 391
Other Accountants – 2951
Revenue 2008/09 – $943,000,000.00
Growth – -1.8%
Revenue Per Partner – $2,411,764.00
Employees – 4,308
Revenue 2008/09 – $854,000,000.00
Growth – +11%
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