About Global MemberShip

Praxity Global Alliance

Praxity is the largest accounting alliance globally and is amongst the top 10 global Accounting Associations, Praxity facilitates the sharing of expertise among its participant firms around the world. Each participant firm hand-picks expert advisers professionals from members’ countries. These expert advisers work together seamlessly in multidisciplinary teams across international borders to meet every client’s need. Praxity offers member firms the opportunity to share insight and regional understanding with like-minded firms.

For further information on Praxity, please visit https://www.praxity.com/

Membership of Firm

https://www.praxity.com/firms/firm-details?firmId=229c6058-31bb-ec11-8115-005056943edd

Representing the combined revenue of Praxity member firms in more than 120 countries, 2023 exceeded expectations and built on last year’s excellent results. The Praxity Alliance connects class-leading accountancy professionals who are both independent and united, encompassing over 76,000 people in over 880 offices worldwide. 

Every region has seen an increase in revenue. Highlights of the figures include:

North America – up 12% to $5.7bn 

Europe – up 14% to $2.4bn 

Latin America – up 27% to $120m 

These dramatic percentage rises are thanks to outstanding work from Praxity member firms, who can collaborate easily and work cross-border together through the Alliance. There has been a focus on growth in Latin America, with the region coming into ever-increasing global importance. The Asia-Pacific region saw a 3 % rise to $1.4bn, while Africa and the Middle East are up 1% to $130m and 4% to $82m, respectively. 

Audit & Accountancy - $4.9bn (50%) – up 10.6% 

Audit and Accountancy represents the largest line of business across the Praxity Alliance, with half of all revenue coming through these disciplines. The need for accuracy and rigour is ever-present, and Praxity firms remain exemplary in this area. The double-digit growth represents a stunning achievement on the part of Praxity members. 

Advisory - $1.9bn (20%) – up 10.4% 

In support of this, yet more strong growth can be seen in the advisory service line, representing around one-fifth of revenue within the Alliance. Member firms’ clients can continue to feel confident and reassured, with outstanding results evident worldwide. 

Tax – $2.4bn (25%) - up 9.0% 

Revenue from tax services has increased by almost as much, with a quarter of total revenue achieved in this area. Taxation has seen enormous changes worldwide to close loopholes and to extend to final beneficiaries, with ever-greater complexity. Praxity members plot compliant routes for their clients, cross-border and across sectors. 

Other – $431m (5%) – up 29.7% 

Revenues in other lines of service are up by almost a third, with Praxity members often leading innovation and finding solutions to the industry’s most pressing problems.  

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Praxity CEO Sam Louis was delighted to see the positive results, with the figures providing verification of the excellent work member firms were doing –  

“Growth is of course fantastic news for the Alliance, but I would also like to shine a light on member firms’ excellent service to their clients. These results are only possible when firms ensure their clients are happy and get the service they deserve. Praxity members are playing a leading role in defining what client service constitutes and what it means for outcomes.” 

Praxity Global Alliance

Praxity participant firms share united visions and entrepreneurial attitude, delivering client service and quality solutions. Core to the strength of the alliance is the ability to contribute senior-level expertise and local knowledge of laws and customs to provide practical, tailored, and timely solutions of the highest quality around the world.

Being dynamic is not about standing alone; it’s about standing out. Welcome to Praxity, one of the world's leading alliances of independent assurance, tax and advisory firms, who together are driving international, entrepreneurial, and business decisions.

Regardless of where clients are based, advisers from Praxity member firms share a common ethos and outlook; to facilitate dynamic business growth across the world. Already successful firms in their own right and highly rated by peers, for years each has been helping people across the globe to plan for the future, take and make big business decisions and above all, stay competitive.

Put simply, Praxity firms stay true to their own values, providing the local market and regulatory knowledge. Through Praxity, these firms delve deeper, sharing global insight and providing clients in all sectors with a competitive edge. Enabling clients and key stakeholders to discover and fulfill their global potential.

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IAB World Survey Results

Praxity achieves fifteen years of consistent growth in the latest IAB World Survey, thanks to record combined global revenues of its participant firms.