Over the course of two decades, Deloitte has overtaken all its major rivals to become the largest accounting and consulting firm in Western Australia, helped by multiple acquisitions.
Over the course of two decades, Deloitte has overtaken all its major rivals to become the largest accounting and consulting firm in Western Australia.
Deloitte had just 14 partners and 155 staff that year.
That means it has overtaken long-time market leader EY as the largest accounting and consulting firm in WA (see table).
The latest boost came from Deloitte’s recent acquisition of Sydney-based consulting firm Presence of IT, which has about 600 people across Australia and overseas.
That includes 30 people who have joined Deloitte’s WA team.
Nationally, Deloitte has completed nine acquisitions over the past 18 months, diversifying its business and adding substantially to the group’s organic growth.
That put WA just ahead of the overall Deloitte Australia practice, which increased revenue by 13 per cent to $2.3 billion.
It was the fifth year in succession Deloitte Australia achieved double-digit revenue growth.
National chief executive Richard Deutsch said the group had achieved strong growth across its consulting and advisory arms as well as its traditional audit practice.
“Deloitte remains strongly committed to the multi-disciplinary model,” he said.
“Our unique ability to integrate strategy, people, and technology continues to be one of our key differentiators.
“Growth has been especially strong in relation to our systems architecture, cognitive automation and robotic capabilities.”
Mr McNulty said lateral partner hires, and their team members, had added significantly to the growth of the WA practice.
In addition, the group has promoted 10 partners from within the WA practice over the past two years.
Recent additions to the WA partnership include Justine Winston Smith in consulting operations, Anita Ghose in healthcare consulting, plus risk advisory partners Tom Rayner and Benoy Shankar, who transferred from Sydney and London respectively.
Deloitte’s acquisitions indicate how much the firm has diversified beyond traditional practice areas like tax, audit and business advice.
It has been integrated with Deloitte’s human capital consulting practice, which has more than doubled in size with the acquisition of Presence of IT.
Presence of IT provides consulting, software and support services to help clients improve their workforce and payroll management.
It specialises in implementing SAP, Oracle, PeopleSoft and Kronos software solutions, adding to Deloitte’s expertise in Workday implementations.
A third acquisition that made a small addition to the WA headcount was Melbourne-based information management consulting business NeoData Australia.
Mr McNulty said that even where acquisition had not added to the head count in WA, they had provided a boost by adding to the group’s capabilities.
“It has enabled us to grow teams in a number of areas such as SAP, Oracle, digital and advanced analytics,” he said.
Five of Andersen’s 10 partners joined EY, helping to entrench that firm as the largest in WA, until now.
Deloitte has completed several other in-market mergers over the years.
In 1994, its WA practice merged with BDO Nelson Parkhill.
In 2010, Deloitte recruited PKF’s 30-strong audit practice while in 2014 it acquired specialist tax firm KD Johns & Company, which had been established by another former Andersen partner, Keith Johns.
Nationally, Deloitte has 880 partners and more than 10,000 staff, nearly double what it had five years ago.