Deloitte dominates largest private professionals

Deloitte becomes the largest private professional services organisation worldwide

• More than US$1 billion committed to growth initiatives during the next five years
• Plans to hire more than a quarter million people over the next five years
• Major investments allocated in support of the new global “As One” strategy
• As the fastest-growing private professional services organization from 2005 to 2009, Deloitte outgrew its peers by 2.7 to 3.3 percentage points annually

Deloitte Touche Tohmatsu Limited (DTTL) has announced that its member firms have risen to become the largest private professional services organisation in the world for the first time in its history.

Deloitte surpassed all its private professional services competitors to become the market leader based on revenue and head count.
For the fiscal year ended 31 May 2010, Deloitte had aggregate member firm revenues of US$26.578 billion (NZ$35.12 billion) and employed approximately 170,000 people worldwide.

DTTL Global CEO Jim Quigley, who made the announcement in New York, said Deloitte’s goal was never to be the largest. Rather, “we have always aimed to be the best, to be the standard of excellence,” Mr Quigley said.

“Deloitte professionals have pursued that goal by consistently delivering high-quality, world-class client service and demonstrating a strong focus on responsible business practices.”

In the past five years, Deloitte has been the fastest-growing private professional services organisation based on total revenue among the Big 4 accounting firms. From 2005 to 2009, Deloitte has outgrown its peers by 2.7 to 3.3 percentage points annually.

In New Zealand, Deloitte’s growth has mirrored that of the global organisation, said Deloitte New Zealand CEO Murray Jack.

To continue Deloitte’s global growth momentum, its member firms have committed more than US$1 billion in strategic investments over the next five years.

These investments include introducing innovative new services and multi-disciplinary offerings, expanding capabilities in selected emerging and priority markets to serve clients, hiring new talent, and developing the capabilities of Deloitte people worldwide.

Other investments will go into member firm partner training and development programmes.

The new “As One” strategy will focus on expanding Deloitte’s presence and scale, paying specific attention to priority markets and committing to borderless execution. A large portion of the “As One” investment will go into extending member firm client service capabilities, including transforming delivery models through technology, extending and growing global market offerings, and identifying innovative business opportunities.

ENDS

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