Baker Tilly International said Thursday that its global network of accounting firms hauled in a record $5.62 billion in revenue for the year ending Dec. 31, 2024, a 9% increase from 2023 or 9.5% at constant exchange rates.
Baker Tilly reported $5.2 billion in global revenue in 2023.
There was revenue growth in all regions across the network in 2024. Europe, Middle East and Africa (EMEA) was the fastest-growing region at 13%, followed by North America (11%) and Asia-Pacific (2% in local currency terms). While revenues in Latin America declined slightly in U.S. dollar terms, in local currency the region grew by 18%, according to a media release.
Among the larger markets that recorded more than 10% growth in 2024 were Belgium, Canada, the Channel Islands, Colombia, France, Germany, Greece, Hong Kong, Italy, Malaysia, the Netherlands, Poland, Spain, the U.K., Ukraine, and the U.S.
All of the network’s service lines saw significant growth, with legal services leading the way with a 17% increase. That was followed by advisory (16%), tax (11%), and assurance and accounting (5%).
Headcount rose 1.2% to 43,515 with 3,480 partners worldwide. The proportion of female partners in the network reached an all-time high of 26% by the end of 2024.

“Growth in revenues easily outstripping the increase in headcount is a good sign that our network is growing sustainably and in response to client demand in a tough economic market,” Baker Tilly International CEO Francesca Lagerberg said in a statement. “As always, I am very grateful for the leaders in all of our 143 markets and the hard work of our people who make this possible. Breaking through the $5.5 billion barrier demonstrates that this is a network with real ambition and drive.
“Our industry is currently both exhilarating and challenging, anticipating and responding to a fast-paced world,” she continued. “Our profession has a strong track record of helping clients in turbulent times, and so there is likely to be plenty of activity in 2025 as we see the full impact of those record numbers of elections last year with new governments introducing new legislation and regulation. We are busy when our clients are busy and there is no doubt whether dealing with the impact of any trade tariffs or new tax legislation, to name just two areas, we will be very active. The next 12 months promises to be exciting.”
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