Grant Thornton Thailand revenue grows 20%

 The growth showed a substantial increase over the global revenue growth of 14 per cent.

 Ian Pascoe, managing partner of Grant Thornton in Thailand, said "With our strengthened specialist advisory teams, we are now even better positioned to help clients manage the current economic crisis."

 The Thai unit was opened in 1991.

 Globally, the international accounting firm showed the revenue of US$4 billion from its 93 member firms, a 14 per cent increase

on 2007. Audit revenues increased by 12 per cent to over US$2 billion and the specialist advisory services business generated over US$1 billion for the first time, now accounting for 25 per cent of total revenues.

David McDonnell, CEO of Grant Thornton International, explained, "These are excellent

results for what became an increasingly difficult year economically for both listed and

privately-owned clients. I am delighted to see so many member firms grow their businesses

both domestically and internationally and the continuing strength of audit is evidence that

Grant Thornton member firms continue to take market share from other accounting

networks as the market and regulators demand greater auditor choice."

While 50 per cent of global revenues come from the US and UK member firms, this percentage

continues to decrease year on year as other member firms expand; 12 member firms,

including Brazil, Hong Kong/China and Japan are now US$50+ million businesses.

Following the roll-out of a new global brand in 2008, 99 per cent of member firms now use the Grant Thornton corporate identity throughout the world.