Southampton: RSM moves up to sixth in global rankings

RSM, which has offices in Southampton, has announced a 6% increase in global-fee income, moving the brand up one place to become the sixth-largest global network of independent audit, tax and consulting firms.

Fee income for RSM’s international network rose to $4.64 billion for the financial year ending December 31, 2015. Turnover rose by 10% in the US, 10% in Europe (based on fee income in local currencies), 6% in the Middle East and North Africa, 1% in Asia Pacific, and 9% in Latin America.

Audit and accountancy fees increased by 4% to $2.27b, tax grew by 7% to more than $1.35b, and consulting/advisory was up 6.9% to $1.02b.

The UK firm, formerly known as Baker Tilly, adopted the RSM brand and trading name on October 26 last year as part of a co-ordinated global rebranding exercise in 120 countries. 

John Taylor, office managing partner at RSM in Southampton, said: "Our rise in the global ranking underlines the strength and depth of our international network. Businesses locally are increasingly looking for support to operate in a complex and  ever-changing global environment. Being able to draw on expertise from across RSM’s global network is proving to be invaluable for our local clients."

During 2015, RSM appointed 11 new member and correspondent firms in Bangladesh, Belarus, Bosnia and Herzegovina, Colombia, Italy, Mali, Niger, Philippines, Sri Lanka, Tajikistan and Zimbabwe. RSM now comprises more than 38,000 staff working across more than 760 offices in over 120 countries.