Red tape - is that a good thing or a bad thing? Maybe if you are a consultancy it’s good- because your clients need you to sort out the mess all the more. Certainly it’s been a good spell for the UK’s top accountants. Of the big four, fees are up at Ernst and Young, and PriceWaterhouseCoopers, and now KPMG too. In fact, KPMG says that its market share among the big four has grown this year as revenues increased 20% to £1.28bn. All this is good news for staff. The Firm is paying out £59mn in a bumper bonus to its 8,950 staff - an average of £6,592 each. Last year the bonus tallied out at £35mn.
Outside of the UK KPMG has grown too, with global revenues up by 16.4% to £8.86bn ($15.65bn).
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