- Global revenue increased by 15.8% to $7.26 billion driven by rise in global demand.
- Strong growth across all core service lines with consulting services expanding fastest at 38%.
- Double-digit growth recorded across all regions.
- More than 40 new offices opened around the world resulting in headcount increasing to over 51,000.
RSM, the leading global audit, tax and consulting network focused on the middle market, has today announced global revenues of $7.26 billion in 2021, up 15.8% on last year’s figure of $6.3 billion.
RSM delivered strong growth across all of its service lines and regions over the past 12 months, reflecting its commitment to helping middle market businesses navigate the post-pandemic recovery and fulfil their global ambitions. Growth was led by consulting services, which saw the highest gains at 38.2%, followed by accounting (18.7%), tax (8.4%) and audit (7.6%).
These latest figures mark the seventh consecutive year of strong growth globally. The year 2021 saw RSM Member Firms transition from supporting clients through the pandemic to investing in a radically different post-pandemic future. The adoption of new technology, evolving sustainability commitments and a wave of M&A activity among the global middle market were key drivers of growth.
Jean Stephens, Global Chief Executive Officer of RSM International, commented: “Over the past year, global companies of all sizes have had to confront uncertainty and the accelerated change sparked by the pandemic. For middle market businesses this has been a chance to turn challenge into an opportunity to embrace flexible and agile working, digital-first and data-led technology solutions, with purpose-driven, ethical practices. As these businesses look to transform their operations in a post-pandemic era, critical thinking and specialist consulting support has never been more important.
RSM Professionals from around the world have worked exceptionally hard to empower our client base of highly dynamic, entrepreneurial, and ambitious businesses to thrive during this challenging time. This has required new perspectives, innovative approaches and a forward-looking gaze to ensure company owners, boards and leaders are primed for growth in the new business age. Our outstanding financial results reflect this pace of change, and our unwavering commitment to supporting the growth ambitions of today’s leading businesses.”