PROVIDENCE – A new survey of the nation’s 100 largest accounting firms found only five are based in New England, including one in Rhode Island.
That lone firm was Kahn, Litwin, Renza & Co. in Providence, which again ranked No. 88 on the annual list by Accounting Today, based on 2018 revenue.
According to the trade magazine, KLR had revenue of $49.5 million last year. The other four New England firms on the list were BlumShapiro, based in West Hartford, Conn., with offices in Rhode Island, ranked No. 58 with $83.4 million in revenue; BerryDunn, based in Portland, Maine, ranked No. 65 with $70.5 million; Wolf & Co., based in Boston and ranked No. 92 with $46.9 million; and Baker Newman & Noyes, also based in Portland, Maine, ranked No. 95 with $45.4 million.
For each firm that made the list, it also included their number of offices, partners and employees. KLR was listed as having four offices, four partners and 237 employees. While large for homegrown accounting in New England, those numbers pale in comparison to the big four accounting firms, all based in New York City.
They were Deloitte, ranked No. 1 with revenue last year of nearly $19.9 billion, 120 offices, 5,492 partners and 94,637 employees; PricewaterhouseCoopers, ranked No. 2 with $15.4 billion, 94 offices, 3,500 partners and 54,000 employees; Ernst & Young, ranked No. 3 with $14 billion, 82 offices, 3,500 partners and 45,300 employees; and KPMG, which ranked No. 4 with $9.5 billion, 101 offices, 2,213 partners and 35,736 employees.
In addition to Ernst & Young and KPMG, other firms on the list with local operations were CBIZ Mayer Hoffman McCann P.C. in Cleveland at No. 10 with revenue of $784.9 million; Marcum LLP in New York City at No. 15 with $549.7 million; Citrin Cooperman & Co. in New York City at No. 22 with $270 million; and PKF O’Connor Davies in New York City at No. 29 with $165.7 million.
Scott Blake is a PBN staff writer. Email him at Blake@PBN.com.