The Crowe global network of accounting firms brought in a combined $5.8 billion in revenue last year, a 10% year-on-year increase.
The global network recorded solid growth across all its regions, with Asia Pacific, the Middle East, and Europe showing revenue increases of 16%, 23%, and 13%, respectively.
“In 2024, the network added new members located in countries, such as China and Indonesia,” the firm said in a media release on Feb. 24. “Members in key markets have also grown inorganically through strategic acquisitions to strengthen our capabilities in consulting and our core services. Crowe also successfully added new members in new territories, such as Martinique and Kosovo, strengthening its vast reach to more than 150 countries and 42,000 professionals.
Crowe said it attributes its consistent growth trajectory over the past decade to strategic investment in talent, collaboration platforms, and technology. The firm said these deliberate investments have been essential to achieve the highest quality service for their clients. During the last 18 months, Kamel Abouchacra was appointed to lead the network while several other senior level appointments were made, including a new chief operating officer, Jennifer McMahon.
“Throughout our industry, global trends have had an impact, challenging all of us to explore new technologies, shift our business models, and consider varied approaches to talent acquisition. The rise of private equity has influenced strategic direction and business structures,” said Abouchacra, Crowe’s global CEO, in a statement. “We have responded to these trends by choosing to look through the lens of opportunity, investing further in areas like AI and people development. Our efforts in AI have produced numerous AI tools that our member firms are using to add greater efficiencies so they can spend more time-sharing experience and knowledge with their clients. Building on an admirable rise in our estimated brand value, not to mention an exceptional reputation for quality and service, we are implementing a global strategy to serve clients across our network.”
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Tags: Accounting, accounting firms, Crowe, Firm Management, revenue
