McGladrey & Pullen, the US member firm of RSM International, one of the world's largest global accountancy networks, has been ranked the fifth largest American accounting, tax and business consulting firm by Accounting Today for the sixth consecutive year.
The accounting trade publication's 2012 "Top 100 Firms" report celebrated the Silver Anniversary of this study, which received responses from roughly 200 firms. This year's results showed that after two years of decline the market is looking positive due to an increase in mergers.
The report states, "M&A has become so common in the accounting profession that it can't really be considered a trend anymore. It's an integral part of the professional landscape, as normal as tax season. Over half of the Top 100 firms engaged in M&A in the past year, with 55 officially reporting at least one merger, and many reporting more than one."
McGladrey was singled out as an example in the report, which stated, "At McGladrey, for example, 2011 represented quantum change for the firm as RSM McGladrey was reunited with McGladrey & Pullen, with which it had operated under an alternative practice structure."
The report went on to state, "Citing talent acquisition and retention as one of the critical issues facing the firm, McGladrey hired some 450 employees last year and promoted 25 to partner/principal level."
Joe Adams, McGladrey's managing partner and CEO, said, "We are pleased to have secured the fifth largest ranking again this year. Size is not the goal - it is the outcome of our dedication to quality client service. By building long lasting relationships based on a deep understanding of our clients' goals and guiding them to achieve their business objectives within the public trust framework, McGladrey will continue to grow and thrive for years to come."