Carmel, Ind. (Aug. 6, 2013) – Margolin, Winer & Evens LLP was ranked #77 on INSIDE Public Accounting’s (IPA) annual list of the nation’s largest 100 public accounting firms.
“The IPA 100 firms enjoyed steady growth in 2012-2013,” says Kelly Platt, principal of the Platt Group, the publisher of IPA. “While growth through mergers dominated the headlines, organic growth is making a healthy comeback as the IPA 100 firms continue to expand and deepen their service areas and specialty practices,” she says.
For the 2013 IPA 100, organic revenue growth (excluding mergers) averaged 5.2%. In 2013, 24 firms, excluding the Big 4, reported more than $100 million in net revenues, and five more IPA 100 firms reported net revenues in excess of $90 million.
The Big 4 – No. 1 Deloitte, No. 2 PwC, No. 3 EY (formerly Ernst & Young) and No. 4 KPMG – all showed strong gains in 2012, growing $3.5 billion in revenues or 10.5%, for a total of $37.2 billion.
“The big winners in growth this year are dominated by firms in California and New York,” says Michael Platt, principal of the Platt Group, the publisher of IPA. “As a group, the 10 fastest-growing IPA 100 firms derive 32% of revenues from non-traditional services, a full one-third more than their peers. This reflects a trend among clients to spend more on consultative services,” Platt says.