IAB RANKINGS PANAMA

Panama fee and staff tables

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Panama Fee 2021
RankNameFee income (PAB)Last Years fee income (PAB)Growth rate (%)Fee split (%)Year-end
Audit & AssuranceAccounting servicesTax servicesAdvisoryOther
Networks
5BDO*10.311.3-9%44262253Dec-20
6Baker Tilly International*3.13.6-15%341814-34Dec-20
7HLB2.62.55%552716-2Sep-20
8Crowe*2.62.54%3884059Dec-20
9RSM*2.32.8-17%4513221010Dec-20
10Nexia International* (1)2.23.0-26%7311151-Jun-20
11PKF International*1.01.0-6%354019-6Jun-20
12Grant Thornton* (2)1.00.1916%67-1023-Sep-20
13Kreston Global*0.90.95%632017--Oct-20
14ECOVIS International*0.6n.apn.ap2256202-Dec-20
15Moore Global* (3)0.40.9-51%31351024-Dec-20
16UHY International*0.40.5-26%482224-6Dec-20
17SMS Latinoamérica*0.40.4-8%764236-Dec-20
18Russell Bedford International*0.30.4-17%7911631Dec-20
19UC&CS América*0.30.4-18%61-2910-Dec-20
20Kudos International*0.3n.apn.ap263610820Dec-20
-TGS Global* (4)n.ap0.4n.apn.apn.apn.apn.apn.apn.ap
Total fee income / growth28.730.7-6%






Associations
1LEA Global / Leading Edge*2.52.44%3218122414Dec-20
2PrimeGlobal* (3)2.23.0-25%462815101May-21
3Integra International*1.71.71%4035187-Dec-20
4BKR International*1.21.3-7%6512149-Dec-20
5MGI Worldwide with CPAAI*1.01.0-1%2440121014Dec-20
6IAPA* (5)0.70.536%107020--Dec-20
7Allinial Global*0.50.50%6126661Dec-20
8Morison KSi*0.40.38%105227-11Dec-19
9UC&CS Global*0.30.4-18%61-2910-Dec-20
10Abacus Worldwide*0.30.30%n.dn.dn.dn.dn.dn.d
11EAI International*0.30.30%48-5452Dec-20
12DFK International* (3)0.20.4-44%20581741Dec-20
13Antea*0.10.1-23%15232933-Dec-20
14Inpact*0.1n.apn.ap7671511-Dec-20
15Praxity*0.10.1-26%2136228132020
Total fee income / growth11.512.2-6%





Notes: (e) = International Accounting Bulletin estimate, n.d = not disclosed, n.c = not collected, n.ap = not applicable, n.av = not available.
(1) Decrease in fee income is attributed to closure of office caused by Covid and running operations remotely to a reduced number of clients. (2) The data for last year covered only three months while for this year it covers the whole 12 months. (3) Decrease in fee income is attributed to reduction in the number of clients caused by Covid. (4) Lost its member firm in Panama. (5) Increase in fee income attributed to gaining new clients.
*Disclaimer = Only data from the named member firm or the exclusive member firms within a network/association is included. Where data for accounting services are not disclosed, they are included in audit and assurance.
Source: International Accounting Bulletin
Panama Fee 2021
RankNameFee income (PAB)Last Years fee income (PAB)Growth rate (%)Fee split (%)Year-end
Audit & AssuranceAccounting servicesTax servicesAdvisoryOther
Networks
5BDO*10.311.3-9%44262253Dec-20
6Baker Tilly International*3.13.6-15%341814-34Dec-20
7HLB2.62.55%552716-2Sep-20
8Crowe*2.62.54%3884059Dec-20
9RSM*2.32.8-17%4513221010Dec-20
10Nexia International* (1)2.23.0-26%7311151-Jun-20
11PKF International*1.01.0-6%354019-6Jun-20
12Grant Thornton* (2)1.00.1916%67-1023-Sep-20
13Kreston Global*0.90.95%632017--Oct-20
14ECOVIS International*0.6n.apn.ap2256202-Dec-20
15Moore Global* (3)0.40.9-51%31351024-Dec-20
16UHY International*0.40.5-26%482224-6Dec-20
17SMS Latinoamérica*0.40.4-8%764236-Dec-20
18Russell Bedford International*0.30.4-17%7911631Dec-20
19UC&CS América*0.30.4-18%61-2910-Dec-20
20Kudos International*0.3n.apn.ap263610820Dec-20
-TGS Global* (4)n.ap0.4n.apn.apn.apn.apn.apn.apn.ap
Total fee income / growth28.730.7-6%






Associations
1LEA Global / Leading Edge*2.52.44%3218122414Dec-20
2PrimeGlobal* (3)2.23.0-25%462815101May-21
3Integra International*1.71.71%4035187-Dec-20
4BKR International*1.21.3-7%6512149-Dec-20
5MGI Worldwide with CPAAI*1.01.0-1%2440121014Dec-20
6IAPA* (5)0.70.536%107020--Dec-20
7Allinial Global*0.50.50%6126661Dec-20
8Morison KSi*0.40.38%105227-11Dec-19
9UC&CS Global*0.30.4-18%61-2910-Dec-20
10Abacus Worldwide*0.30.30%n.dn.dn.dn.dn.dn.d
11EAI International*0.30.30%48-5452Dec-20
12DFK International* (3)0.20.4-44%20581741Dec-20
13Antea*0.10.1-23%15232933-Dec-20
14Inpact*0.1n.apn.ap7671511-Dec-20
15Praxity*0.10.1-26%2136228132020
Total fee income / growth11.512.2-6%





Notes: (e) = International Accounting Bulletin estimate, n.d = not disclosed, n.c = not collected, n.ap = not applicable, n.av = not available.
(1) Decrease in fee income is attributed to closure of office caused by Covid and running operations remotely to a reduced number of clients. (2) The data for last year covered only three months while for this year it covers the whole 12 months. (3) Decrease in fee income is attributed to reduction in the number of clients caused by Covid. (4) Lost its member firm in Panama. (5) Increase in fee income attributed to gaining new clients.
*Disclaimer = Only data from the named member firm or the exclusive member firms within a network/association is included. Where data for accounting services are not disclosed, they are included in audit and assurance.
Source: International Accounting Bulletin
Panama Fee 2021
RankNameFee income (PAB)Last Years fee income (PAB)Growth rate (%)Fee split (%)Year-end
Audit & AssuranceAccounting servicesTax servicesAdvisoryOther
Networks
5BDO*10.311.3-9%44262253Dec-20
6Baker Tilly International*3.13.6-15%341814-34Dec-20
7HLB2.62.55%552716-2Sep-20
8Crowe*2.62.54%3884059Dec-20
9RSM*2.32.8-17%4513221010Dec-20
10Nexia International* (1)2.23.0-26%7311151-Jun-20
11PKF International*1.01.0-6%354019-6Jun-20
12Grant Thornton* (2)1.00.1916%67-1023-Sep-20
13Kreston Global*0.90.95%632017--Oct-20
14ECOVIS International*0.6n.apn.ap2256202-Dec-20
15Moore Global* (3)0.40.9-51%31351024-Dec-20
16UHY International*0.40.5-26%482224-6Dec-20
17SMS Latinoamérica*0.40.4-8%764236-Dec-20
18Russell Bedford International*0.30.4-17%7911631Dec-20
19UC&CS América*0.30.4-18%61-2910-Dec-20
20Kudos International*0.3n.apn.ap263610820Dec-20
-TGS Global* (4)n.ap0.4n.apn.apn.apn.apn.apn.apn.ap
Total fee income / growth28.730.7-6%






Associations
1LEA Global / Leading Edge*2.52.44%3218122414Dec-20
2PrimeGlobal* (3)2.23.0-25%462815101May-21
3Integra International*1.71.71%4035187-Dec-20
4BKR International*1.21.3-7%6512149-Dec-20
5MGI Worldwide with CPAAI*1.01.0-1%2440121014Dec-20
6IAPA* (5)0.70.536%107020--Dec-20
7Allinial Global*0.50.50%6126661Dec-20
8Morison KSi*0.40.38%105227-11Dec-19
9UC&CS Global*0.30.4-18%61-2910-Dec-20
10Abacus Worldwide*0.30.30%n.dn.dn.dn.dn.dn.d
11EAI International*0.30.30%48-5452Dec-20
12DFK International* (3)0.20.4-44%20581741Dec-20
13Antea*0.10.1-23%15232933-Dec-20
14Inpact*0.1n.apn.ap7671511-Dec-20
15Praxity*0.10.1-26%2136228132020
Total fee income / growth11.512.2-6%





Notes: (e) = International Accounting Bulletin estimate, n.d = not disclosed, n.c = not collected, n.ap = not applicable, n.av = not available.
(1) Decrease in fee income is attributed to closure of office caused by Covid and running operations remotely to a reduced number of clients. (2) The data for last year covered only three months while for this year it covers the whole 12 months. (3) Decrease in fee income is attributed to reduction in the number of clients caused by Covid. (4) Lost its member firm in Panama. (5) Increase in fee income attributed to gaining new clients.
*Disclaimer = Only data from the named member firm or the exclusive member firms within a network/association is included. Where data for accounting services are not disclosed, they are included in audit and assurance.
Source: International Accounting Bulletin

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Panama Staff 2021
RankNameTotal staff 2020Last year 2019Growth rate (%)Female staffFemale PartnersPartnersProfessional staffAdministrative staffOffices
20202019202020192020201920202019
Networks
5BDO*2021916%n.d51514171159161833
6Nexia International*7381-10%352555260161611
7HLB*73730%433665252151511
8Baker Tilly International *5455-2%3306542426833
9RSM*47439%2604436327711
10Crowe*44425%60223030121011
11Kreston Global*3539-10%2812230303711
12PKF International*25250%n.dn.d4415156611
13UHY International*21210%714416151211
14ECOVIS International*20n.apn.ap903n.ap15n.ap2n.ap1n.ap
15Grant Thornton*171070%6022158--11
16Kudos International*15n.apn.ap413n.ap12n.ap-n.ap1n.ap
17Moore Global*1325-48%1222210221111
18UC&CS América*1316-19%60229112311
19SMS Latinoamérica*12120%511110101111
20Russell Bedford International*10100%1044551111
-TGS Global*n.ap11n.apn.dn.dn.ap2n.ap7n.ap2n.ap2
Total staff / growth6746543%22116655952049889972020

Associations
1LEA Global / Leading Edge*69665%380664643171722
2Integra International*42420%n.dn.d7730305511
3PrimeGlobal*3669-48%n.dn.d65224881622
4BKR International*3134-9%2013324317-11
5MGI Worldwide with CPAAI*3038-21%n.d4962132--22
6IAPA*18180%n.dn.d2213143211
7UC&CS Gobal*1316-19%60229112311
8DFK International*12120%9022882211
9Abacus Worldwide*10100%n.dn.d22662221
10EAI International*10100%2022771111
11Inpact*10n.apn.ap703n.ap6n.ap1n.ap1n.ap
12Allinial Global*812-33%0022581211
13Morison KSi*770%3022332211
14Antea*57-29%2n.d22241111
15Praxity*440%n.dn.d11221111
Total staff / growth305345-14%875514420424753541917
Notes: (e) = IAB estimate, n.d = not disclosed, n.c.= not collected, n.ap= not applicable, n.av= not available.
*Disclaimer = Only data from the named member firm or the exclusive member firms within a network/association is included. Data relating to correspondent and non-exclusive member firms is not included.
Source: International Accounting Bulletin
Panama Staff 2021
RankNameTotal staff 2020Last year 2019Growth rate (%)Female staffFemale PartnersPartnersProfessional staffAdministrative staffOffices
20202019202020192020201920202019
Networks
5BDO*2021916%n.d51514171159161833
6Nexia International*7381-10%352555260161611
7HLB*73730%433665252151511
8Baker Tilly International *5455-2%3306542426833
9RSM*47439%2604436327711
10Crowe*44425%60223030121011
11Kreston Global*3539-10%2812230303711
12PKF International*25250%n.dn.d4415156611
13UHY International*21210%714416151211
14ECOVIS International*20n.apn.ap903n.ap15n.ap2n.ap1n.ap
15Grant Thornton*171070%6022158--11
16Kudos International*15n.apn.ap413n.ap12n.ap-n.ap1n.ap
17Moore Global*1325-48%1222210221111
18UC&CS América*1316-19%60229112311
19SMS Latinoamérica*12120%511110101111
20Russell Bedford International*10100%1044551111
-TGS Global*n.ap11n.apn.dn.dn.ap2n.ap7n.ap2n.ap2
Total staff / growth6746543%22116655952049889972020

Associations
1LEA Global / Leading Edge*69665%380664643171722
2Integra International*42420%n.dn.d7730305511
3PrimeGlobal*3669-48%n.dn.d65224881622
4BKR International*3134-9%2013324317-11
5MGI Worldwide with CPAAI*3038-21%n.d4962132--22
6IAPA*18180%n.dn.d2213143211
7UC&CS Gobal*1316-19%60229112311
8DFK International*12120%9022882211
9Abacus Worldwide*10100%n.dn.d22662221
10EAI International*10100%2022771111
11Inpact*10n.apn.ap703n.ap6n.ap1n.ap1n.ap
12Allinial Global*812-33%0022581211
13Morison KSi*770%3022332211
14Antea*57-29%2n.d22241111
15Praxity*440%n.dn.d11221111
Total staff / growth305345-14%875514420424753541917
Notes: (e) = IAB estimate, n.d = not disclosed, n.c.= not collected, n.ap= not applicable, n.av= not available.
*Disclaimer = Only data from the named member firm or the exclusive member firms within a network/association is included. Data relating to correspondent and non-exclusive member firms is not included.
Source: International Accounting Bulletin
Panama Staff 2021
RankNameTotal staff 2020Last year 2019Growth rate (%)Female staffFemale PartnersPartnersProfessional staffAdministrative staffOffices
20202019202020192020201920202019
Networks
5BDO*2021916%n.d51514171159161833
6Nexia International*7381-10%352555260161611
7HLB*73730%433665252151511
8Baker Tilly International *5455-2%3306542426833
9RSM*47439%2604436327711
10Crowe*44425%60223030121011
11Kreston Global*3539-10%2812230303711
12PKF International*25250%n.dn.d4415156611
13UHY International*21210%714416151211
14ECOVIS International*20n.apn.ap903n.ap15n.ap2n.ap1n.ap
15Grant Thornton*171070%6022158--11
16Kudos International*15n.apn.ap413n.ap12n.ap-n.ap1n.ap
17Moore Global*1325-48%1222210221111
18UC&CS América*1316-19%60229112311
19SMS Latinoamérica*12120%511110101111
20Russell Bedford International*10100%1044551111
-TGS Global*n.ap11n.apn.dn.dn.ap2n.ap7n.ap2n.ap2
Total staff / growth6746543%22116655952049889972020

Associations
1LEA Global / Leading Edge*69665%380664643171722
2Integra International*42420%n.dn.d7730305511
3PrimeGlobal*3669-48%n.dn.d65224881622
4BKR International*3134-9%2013324317-11
5MGI Worldwide with CPAAI*3038-21%n.d4962132--22
6IAPA*18180%n.dn.d2213143211
7UC&CS Gobal*1316-19%60229112311
8DFK International*12120%9022882211
9Abacus Worldwide*10100%n.dn.d22662221
10EAI International*10100%2022771111
11Inpact*10n.apn.ap703n.ap6n.ap1n.ap1n.ap
12Allinial Global*812-33%0022581211
13Morison KSi*770%3022332211
14Antea*57-29%2n.d22241111
15Praxity*440%n.dn.d11221111
Total staff / growth305345-14%875514420424753541917
Notes: (e) = IAB estimate, n.d = not disclosed, n.c.= not collected, n.ap= not applicable, n.av= not available.
*Disclaimer = Only data from the named member firm or the exclusive member firms within a network/association is included. Data relating to correspondent and non-exclusive member firms is not included.
Source: International Accounting Bulletin