Grant Thornton revenues reach $1.92 billion in FY 2020

 

CHICAGO — Grant Thornton LLP, the U.S. member firm of Grant Thornton International Ltd., today announced revenues of $1.92 billion for the fiscal year ended July 31, 2020. The figure represents a year-over-year increase of 1%.

“Our success in generating a modest increase in revenue — despite the COVID-19 pandemic and related economic recession — means we can continue to invest in the services, innovation and talent required to drive growth for our firm and our clients,” says Brad Preber, CEO of Grant Thornton. “We continue to make business and operational decisions that keep our clients’ needs front and center, while also helping our professionals during this challenging time.”

Grant Thornton was the first major professional-services firm to move to a work-from-home policy at the start of the COVID-19 pandemic and has offered a wide range of programs to help its professionals with issues such as childcare and meal delivery.

Grant Thornton also hit a number of leadership milestones during the year. Most notably, the firm’s Partnership Board named Brad Preber as CEO. Following that, the firm appointed several new senior leaders. Grant Thornton also tapped Lisa Walkush to lead its firmwide Industry practice; and it named a cadre of additional leaders for individual Industry areas. Further, the firm named ten new office managing partners and principals, and selected Carlos Ferreira as its national managing partner for Private Equity.

 

On the technology front, Grant Thornton launched alyxTM, the firm’s new digital platform for transformation and innovation. And it launched a Pandemic Risk Assessment tool to help companies benchmark their operations during the coronavirus pandemic.

 

Grant Thornton also remained focused on quality as the foundation of its operations and client services. For the third year in a row, the firm’s quality-inspection results — as conducted by the Public Company Accounting Oversight Board — are among the top two reported for firms that are part of global member-firm networks.

In response to calls from across the country for greater action to support social-justice change, Grant Thornton significantly bolstered its diversity, equity and inclusion efforts by launching a half dozen new programs and making meaningful financial donations to two leading social-justice organizations.

Lastly, the firm launched its Purple Paladins initiative — a program that helps emerging nonprofit organizations move from start-up to growth and sustainability. Throughout the year, Grant Thornton named five nonprofits to the program: Weird Enough ProductionsInvisible Hands DeliverPal ExperiencesSneakers for Soldiers and Coming Up Rosies.

 

 

About Grant Thornton

“Grant Thornton” is the brand for two professional-services entities: Grant Thornton LLP, a licensed, certified public accounting (CPA) firm that provides audit and assurance services ― and Grant Thornton Advisors LLC (not a licensed CPA firm), which exclusively provides non-attest offerings, including tax and advisory services. With revenues of $2.4 billion for the fiscal year that ended July 31, 2023, and dozens of offices nationwide, Grant Thornton represents a community of more than 9,000 problem solvers, relationship builders, and industry specialists who know that how we serve matters as much as what we do.

 

Grant Thornton LLP, Grant Thornton Advisors LLC and their respective subsidiaries operate as an alternative practice structure (APS). The APS conforms with applicable laws, regulations and professional standards, including those from the American Institute of Certified Public Accountants.

 

Grant Thornton LLP and Grant Thornton Advisors LLC serve as the U.S. member firms of the Grant Thornton International Ltd (GTIL) network. GTIL and its member firms are not a worldwide partnership and all member firms are separate legal entities. Member firms deliver all services; GTIL does not provide services to clients.

 

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