Top 100 Firms Gallop Out of Recession

Revenue Trends at the 2012 Top 100 Firms, via AccountingToday
Revenue Trends at the 2012 Top 100 Firms, via AccountingToday

Bold growth tactics, big partner cuts.

The nation’s 100 largest tax and accounting firms have reversed revenue losses and are accelerating growth in a highly competitive market by relying on a mix of merger, acquisition and selling strategies, according to a new survey and analysis.

In a year marked by “blockbuster mergers,” Accounting Today reports top-line revenue advanced 7.9% for the 100 largest firms operating in the U.S., clocking in total fees of $45.8 billion. Among the Big Four, revenue grew 8.2% to $436.2 billion.

This year’s advances mark a turnaround from back-to-back retreats.