Baker Tilly Fees Climb 11% Globally Despite Consulting Headwinds

Baker Tilly International hauled in $5.2 billion in global revenues in 2023 led by its consulting and tax practices, overcoming a downturn in corporate demand for advisory work.

Revenues grew 11%, or 12.2% at constant exchange rates, during its latest fiscal year that ended in December, the firm said on Thursday.

“Double-digit, like-for-like revenue growth, with only a modest increase in headcount and in such a volatile market, is an incredible achievement,” Francesca Lagerberg, CEO of the global firm, said in a statement. The firm’s workforce grew 4.5% over the same period.

• Demand for deals advisory work dried ...