Top 60 firms earn £11bn in 2012

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Figures released in Accountancy magazine’s Top 60 table of UK firms buck the economy to grow their fee income by around 7%.

Firms in the league table earned just shy of £11bn last year, and while a number of contenders are battling to join the billion-plus a year league, the Big Four say their fees grow 8% during the year from £7.7bn to £8.4bn - accounting for 76% of the Top 60’s total income.

Accountancy editor Sara White talked about concerns within the profession about job losses, but the magazine’s annual table contradicts the lurid headlines. Staff employed at the largest firms has risen to nearly 80,000 - up from 63,537 in 2011, the only year in living memory when Accountancy recorded a drop in fee income.

The number of trainees has also risen to 13,0...

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