RSM grows consulting services by more than 14% in 2018

04 February 2019 2 min. read
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The  sixth largest auditing and advisory network in the world has reported record global revenues of $5.37 billion for 2018, crowning five consecutive years of growth. RSM’s consulting services spearheaded the meteoric rise of revenues, which jumped 14.5% on the previous year. 

RSM is the sixth largest network of independent audit, tax and consulting firms, encompassing 116 countries, 750 offices and 40,000 people internationally. Last year saw the consulting and accounting firm expand via acquisitions such as that of Netsuite specialist Explore Consulting, and RSM’s global revenues now stand at $5.37 billion.

With the impressive results crowning five consecutive years of growth for RSM, the last year has seen the network collectively deliver on a strategy focused on RSM’s people, clients and future-led innovative thinking. In Europe, a region that welcomed Gregor Schmidt as its new Regional Leader in June, this was particularly pronounced, with revenue growth more than doubling from 2017 figures to hit 12%.

RSM grows consulting services by more than 14% in 2018

2018 chiefly saw RSM’s consulting services lead its growth, with revenues up 14.5% from the year before. The introduction of GDPR, increased cross-border trade risk and the growing threat from cybercrime have all provided new opportunities to extend relationships with clients. Elsewhere, tax advisory services have grown by 6%, while accounting services are up 13%. In addition, international collaboration between member firms remains a core contributor to RSM’s growth, with cross-border client fees increasing 18%. 

Jean Stephens, CEO of RSM International said, “2018 was a year of growth across our network, particularly for our rapidly expanding consulting services. Clients around the world looked to RSM for solutions based on a true understanding of their needs, solid expertise in their market and the agility to move quickly as the business landscape shifts. We will continue to focus on realising our global strategy and ensuring that RSM remains the leading adviser to the middle market, wherever we are in the world.”

At the start of 2018, the firm had previously reported another solid year of growth across its British offices as well. RSM has 35 offices across the UK, and the professional services group saw revenues increase by 9% to £319 million, on last financial year, ending 31 March 2017.