Crains New York - December 24, 2012 - (Page G4)
This chart was first published Sept. 24, 2012
PROFESSIONS
New York Area’s Largest Accounting Firms
Ranked by number of area professionals
TRENDS
The Big Four’s share
The largest four accounting firms continue to employ the majority of professionals in the NY area. The Big Four’s share is up 3.5% versus the year-earlier level. All others: 8,169 Big Four: 22,480
SPOTLIGHT
Total NY area professionals
The number of area professionals in audit/accounting, tax, management advisory and client service at the top 25 firms increased by some 2,200 people versus the year-earlier level.
DODD-FRANK, OBAMACARE HELP BOOST FIRMS
LOOKING FOR A JOB? If you’re an accountant, odds are good you’ll find one: Local firms are boosting their
+7.7%
30,649
26.7%
73.3%
28,447
Top 25 total: 30,649
Includes professionals in audit/accounting, tax, management advisory and client service only.
2011*
*As of June 30.
2012*
head counts. Employment at the Big Four—PwC, Deloitte, KPMG and Ernst & Young—has jumped 10% this year, to 22,480, according to Crain’s research. At the top 25 firms, it’s up 7.7%, to 30,649. Overall, 16 of the top companies on Crain’s list saw head counts rise, while nine declined.“It’s about size and scale,” said Henry Phillips, Northeast managing partner and vice chairman at Deloitte (No. 2). Policy changes such as Dodd-Frank and the Affordable Care Act are helping the industry. “Our clients still have to deal with new regulations coming out. Our growth is coming from demand from our clients around those particular topics,” said Bob Garrett, managing partner at KPMG’s (No. 3) New York office. Another reason for growth is that, as the economy continues to recover, clients are beginning to explore opportunities such as mergers and acquisitions and technology initiatives for which they need auditing and tax-law assistance, said Dawn Fay, district president at Robert Half International. And as clients face these needs, they often do not have the in-house staffing to deal with these changes and must rely on outside companies, such as accounting firms. Work for these firms is expected to increase. One indicator is the 3.5% boost in pay nationwide and in New York, according to a report by Robert Half International. “You need to make sure that you have the talent on board to even be able to win engagements with clients,” said Ms. Fay. “If they know they have companies in the pipeline, they need the staff to do it. The revenue catches up.” —EMILY LAERMER
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G4 | Crain’s New York Business | book of lists 2013
http://www.pwc.com
http://www.deloitte.com
http://www.kpmg.com/us
http://www.ey.com
http://www.eisneramper.com
http://www.grantthornton.com
http://www.cohnreznick.com
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http://www.berdonllp.com
http://www.citrincooperman.com
http://www.odpkf.com
http://www.markspaneth.com
http://www.anchin.com
Table of Contents for the Digital Edition of Crains New York - December 24, 2012
Crains New York - December 24, 2012
Privately Held Companies
Publicly Held Companies
Accounting Firms
Law Firms
Commercial Banks
Thrifts
Health Insurers
Hospitals
Fortunate 100 CEOs
Commercial Property Managers
Construction Companies
Real Estate Investment Trusts
Airlines
Alphabetical Company Listing
Crains New York - December 24, 2012
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