CHICAGO--(BUSINESS WIRE)--Grant Thornton LLP, the U.S. member firm of Grant Thornton International Ltd., today announced revenues of $1.65 billion for the fiscal year ended July 31, 2016. The figure, a record for the firm, represents an 11.4 percent increase year over year.
“In FY 2016, we made great progress in delivering excellence for our clients, producing strong financial results and investing for sustainable, long-term success,” said Mike McGuire, chief executive officer of Grant Thornton LLP. “We made a number of key hires and promotions, including naming Jim Brady as our chief operating officer. And we retained more of our talented professionals than ever before – with a focus on building a healthy, collaborative, high-performance culture. Most importantly, we continued to increase our investments in quality, the foundation of all we do.”
Revenue growth was significant across the firm’s three service lines: Audit was up 6.3 percent, Tax increased 9.4 percent and Advisory grew 17.9 percent. Advisory’s momentum was bolstered by the April acquisition of ARRYVE, a business consulting firm based in Bellevue, Washington. Over the last two years, Advisory’s revenue grew 33.3 percent. Most of Grant Thornton’s industry groups also grew in 2016.
In addition, the firm created a new “flexible time off” policy and opened or renovated new office space in markets across the country, including its flagship Chicago headquarters.
McGuire was elected chief executive officer by the partners of Grant Thornton LLP in June 2014. He has been with the firm since 2002.
About Grant Thornton LLP
Founded in Chicago in 1924, Grant Thornton LLP (Grant Thornton) is the U.S. member firm of Grant Thornton International Ltd, one of the world’s leading organizations of independent audit, tax and advisory firms. In the United States, Grant Thornton has revenues of $1.65 billion and operates 60 offices with more than 550 partners and more than 8,000 employees. Grant Thornton works with a broad range of dynamic publicly and privately held companies, government agencies, financial institutions, and civic and religious organizations.
“Grant Thornton” refers to Grant Thornton LLP, the U.S. member firm of Grant Thornton International Ltd (GTIL). GTIL and the member firms are not a worldwide partnership. Services are delivered by the member firms. GTIL and its member firms are not agents of, and do not obligate, one another and are not liable for one another’s acts or omissions. Please see grantthornton.com for further details.