Baker Tilly with double-digit growth in Germany and worldwide

Baker Tilly continues its long-term growth course on a national and international level: In Germany, the consulting and auditing firm increased its sales to 219.5 million euros (+13.8 %) in the past year. Global sales grew by eleven percent to 5.2 billion US dollars. Thus, Baker Tilly consolidated its top-ten position both in international and national MDP rankings. The ten German offices now employ 1,500 people – including 40 new employees who joined Baker Tilly following the integration of the renowned Regensburg tax firm WW+KN. Last year, the global headcount increased to over 43,000 in 141 countries in which Baker Tilly is represented worldwide.

Growth through established and new services – nationally and internationally

The basis for sustainable growth both nationally and internationally is the acquisition and expansion of existing clients as well as the strategic expansion of the service portfolio: “Based on this, we can once again report strong growth in Germany and worldwide for the past financial year. Special thanks go to all our employees, who made this excellent result possible in the first place,” says Ralf Gröning, Managing Partner at Baker Tilly: “Today and in the future, our international orientation will be crucial for enabling us to further grow in a dynamic market. Our globally uniform quality standards and stable cross-border processes form the perfect framework for optimally meeting the increasing demands of our clients.”

Auditing: growth drivers ESG, IFRS and CFO services

The increasing demand for sustainability-related auditing and advisory services with a focus on non-financial reporting continues to prove to be a growth area with great potential for the Audit & Advisory division. Growing challenges in the implementation of accounting and regulatory requirements are also increasing the demand from companies in the financial sector, which Baker Tilly successfully supports with its CFO services.
Prof. Dr. Thomas Edenhofer, Managing Partner Audit & Advisory at Baker Tilly, summarizes the A&A strategy for the future: “We continue to focus on a combination of profitable growth, quality and the effective use of technical innovation – above all the further development of AI-supported tools in order to continuously improve quality and increase efficiency. These future topics also play a major role in attracting new talent.”

For the current year 2024, too, Baker Tilly is planning to further expand the Capital Markets Group and the Financial Services division, the Competence Center Sustainability and Advisory Services – with a particular focus on the areas of IFRS, Compliance and CFO Services.

Legal advice: Interdisciplinarity and a broad professional base as a growth driver

In the past year, the Legal department recorded strong growth, particularly in the areas of restructuring, transactions and labor law. Dr. Thomas Gemmeke, Managing Partner Legal at Baker Tilly, explains: “Interdisciplinary projects with an international focus are a particular strength of Baker Tilly. In some areas, cooperation between different professions and the associated expertise is crucial for our clients, for example, in the areas of transactions or debt advisory, which have proven to be real growth drivers for us in the past year. In this context, our positioning as an MDP offers us a clear advantage over pure law firms.”

Not least due to the close cooperation in the Competence Centers and Industry Teams, Baker Tilly can develop the perfect solutions for its clients: “The close integration of our various business lines and interdisciplinary cooperation will remain an important success factor for us in the future,” says Dr. Gemmeke.

Tax consulting: integration of WW+KN, excellent reputation and use of suitable technologies

With its broad specialist positioning, the Tax division continued its sustainable growth in the past financial year. The integration of the tax consulting firm WW+KN in Regensburg at the turn of the year 2023/24 also expands the regional focus of tax consulting services in Eastern Bavaria: “Our new colleagues in Regensburg have taken exactly the right step with the integration – for themselves and for Baker Tilly,” says Oliver Hubertus, Managing Partner Tax at Baker Tilly, who is delighted to welcome 40 new employees – including three partners and two directors.

In addition, the Tax division was able to further expand its excellent reputation in the market in many areas – above all in the area of transactions: “We are very familiar with our clients’ challenges and are therefore perfectly positioned to develop customized solutions for them with our teams. In my view, this is essential if we are to continue to achieve our ambitious growth targets in the future. Furthermore, increasing efficiency through the use of suitable technologies is also an important topic in order to continuously optimize both our internal processes and the collaboration with our clients,” says Hubertus.