IAB RANKINGS PANAMA
Panama fee and staff tables
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Panama Fee 2021 | ||||||||||
Rank | Name | Fee income (PAB) | Last Years fee income (PAB) | Growth rate (%) | Fee split (%) | Year-end | ||||
Audit & Assurance | Accounting services | Tax services | Advisory | Other | ||||||
Networks | ||||||||||
5 | BDO* | 10.3 | 11.3 | -9% | 44 | 26 | 22 | 5 | 3 | Dec-20 |
6 | Baker Tilly International* | 3.1 | 3.6 | -15% | 34 | 18 | 14 | - | 34 | Dec-20 |
7 | HLB | 2.6 | 2.5 | 5% | 55 | 27 | 16 | - | 2 | Sep-20 |
8 | Crowe* | 2.6 | 2.5 | 4% | 38 | 8 | 40 | 5 | 9 | Dec-20 |
9 | RSM* | 2.3 | 2.8 | -17% | 45 | 13 | 22 | 10 | 10 | Dec-20 |
10 | Nexia International* (1) | 2.2 | 3.0 | -26% | 73 | 11 | 15 | 1 | - | Jun-20 |
11 | PKF International* | 1.0 | 1.0 | -6% | 35 | 40 | 19 | - | 6 | Jun-20 |
12 | Grant Thornton* (2) | 1.0 | 0.1 | 916% | 67 | - | 10 | 23 | - | Sep-20 |
13 | Kreston Global* | 0.9 | 0.9 | 5% | 63 | 20 | 17 | - | - | Oct-20 |
14 | ECOVIS International* | 0.6 | n.ap | n.ap | 22 | 56 | 20 | 2 | - | Dec-20 |
15 | Moore Global* (3) | 0.4 | 0.9 | -51% | 31 | 35 | 10 | 24 | - | Dec-20 |
16 | UHY International* | 0.4 | 0.5 | -26% | 48 | 22 | 24 | - | 6 | Dec-20 |
17 | SMS Latinoamérica* | 0.4 | 0.4 | -8% | 7 | 64 | 23 | 6 | - | Dec-20 |
18 | Russell Bedford International* | 0.3 | 0.4 | -17% | 79 | 11 | 6 | 3 | 1 | Dec-20 |
19 | UC&CS América* | 0.3 | 0.4 | -18% | 61 | - | 29 | 10 | - | Dec-20 |
20 | Kudos International* | 0.3 | n.ap | n.ap | 26 | 36 | 10 | 8 | 20 | Dec-20 |
- | TGS Global* (4) | n.ap | 0.4 | n.ap | n.ap | n.ap | n.ap | n.ap | n.ap | n.ap |
Total fee income / growth | 28.7 | 30.7 | -6% | |||||||
Associations | ||||||||||
1 | LEA Global / Leading Edge* | 2.5 | 2.4 | 4% | 32 | 18 | 12 | 24 | 14 | Dec-20 |
2 | PrimeGlobal* (3) | 2.2 | 3.0 | -25% | 46 | 28 | 15 | 10 | 1 | May-21 |
3 | Integra International* | 1.7 | 1.7 | 1% | 40 | 35 | 18 | 7 | - | Dec-20 |
4 | BKR International* | 1.2 | 1.3 | -7% | 65 | 12 | 14 | 9 | - | Dec-20 |
5 | MGI Worldwide with CPAAI* | 1.0 | 1.0 | -1% | 24 | 40 | 12 | 10 | 14 | Dec-20 |
6 | IAPA* (5) | 0.7 | 0.5 | 36% | 10 | 70 | 20 | - | - | Dec-20 |
7 | Allinial Global* | 0.5 | 0.5 | 0% | 61 | 26 | 6 | 6 | 1 | Dec-20 |
8 | Morison KSi* | 0.4 | 0.3 | 8% | 10 | 52 | 27 | - | 11 | Dec-19 |
9 | UC&CS Global* | 0.3 | 0.4 | -18% | 61 | - | 29 | 10 | - | Dec-20 |
10 | Abacus Worldwide* | 0.3 | 0.3 | 0% | n.d | n.d | n.d | n.d | n.d | n.d |
11 | EAI International* | 0.3 | 0.3 | 0% | 48 | - | 5 | 45 | 2 | Dec-20 |
12 | DFK International* (3) | 0.2 | 0.4 | -44% | 20 | 58 | 17 | 4 | 1 | Dec-20 |
13 | Antea* | 0.1 | 0.1 | -23% | 15 | 23 | 29 | 33 | - | Dec-20 |
14 | Inpact* | 0.1 | n.ap | n.ap | 7 | 67 | 15 | 11 | - | Dec-20 |
15 | Praxity* | 0.1 | 0.1 | -26% | 21 | 36 | 22 | 8 | 13 | 2020 |
Total fee income / growth | 11.5 | 12.2 | -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 | ||||||||||
Rank | Name | Fee income (PAB) | Last Years fee income (PAB) | Growth rate (%) | Fee split (%) | Year-end | ||||
Audit & Assurance | Accounting services | Tax services | Advisory | Other | ||||||
Networks | ||||||||||
5 | BDO* | 10.3 | 11.3 | -9% | 44 | 26 | 22 | 5 | 3 | Dec-20 |
6 | Baker Tilly International* | 3.1 | 3.6 | -15% | 34 | 18 | 14 | - | 34 | Dec-20 |
7 | HLB | 2.6 | 2.5 | 5% | 55 | 27 | 16 | - | 2 | Sep-20 |
8 | Crowe* | 2.6 | 2.5 | 4% | 38 | 8 | 40 | 5 | 9 | Dec-20 |
9 | RSM* | 2.3 | 2.8 | -17% | 45 | 13 | 22 | 10 | 10 | Dec-20 |
10 | Nexia International* (1) | 2.2 | 3.0 | -26% | 73 | 11 | 15 | 1 | - | Jun-20 |
11 | PKF International* | 1.0 | 1.0 | -6% | 35 | 40 | 19 | - | 6 | Jun-20 |
12 | Grant Thornton* (2) | 1.0 | 0.1 | 916% | 67 | - | 10 | 23 | - | Sep-20 |
13 | Kreston Global* | 0.9 | 0.9 | 5% | 63 | 20 | 17 | - | - | Oct-20 |
14 | ECOVIS International* | 0.6 | n.ap | n.ap | 22 | 56 | 20 | 2 | - | Dec-20 |
15 | Moore Global* (3) | 0.4 | 0.9 | -51% | 31 | 35 | 10 | 24 | - | Dec-20 |
16 | UHY International* | 0.4 | 0.5 | -26% | 48 | 22 | 24 | - | 6 | Dec-20 |
17 | SMS Latinoamérica* | 0.4 | 0.4 | -8% | 7 | 64 | 23 | 6 | - | Dec-20 |
18 | Russell Bedford International* | 0.3 | 0.4 | -17% | 79 | 11 | 6 | 3 | 1 | Dec-20 |
19 | UC&CS América* | 0.3 | 0.4 | -18% | 61 | - | 29 | 10 | - | Dec-20 |
20 | Kudos International* | 0.3 | n.ap | n.ap | 26 | 36 | 10 | 8 | 20 | Dec-20 |
- | TGS Global* (4) | n.ap | 0.4 | n.ap | n.ap | n.ap | n.ap | n.ap | n.ap | n.ap |
Total fee income / growth | 28.7 | 30.7 | -6% | |||||||
Associations | ||||||||||
1 | LEA Global / Leading Edge* | 2.5 | 2.4 | 4% | 32 | 18 | 12 | 24 | 14 | Dec-20 |
2 | PrimeGlobal* (3) | 2.2 | 3.0 | -25% | 46 | 28 | 15 | 10 | 1 | May-21 |
3 | Integra International* | 1.7 | 1.7 | 1% | 40 | 35 | 18 | 7 | - | Dec-20 |
4 | BKR International* | 1.2 | 1.3 | -7% | 65 | 12 | 14 | 9 | - | Dec-20 |
5 | MGI Worldwide with CPAAI* | 1.0 | 1.0 | -1% | 24 | 40 | 12 | 10 | 14 | Dec-20 |
6 | IAPA* (5) | 0.7 | 0.5 | 36% | 10 | 70 | 20 | - | - | Dec-20 |
7 | Allinial Global* | 0.5 | 0.5 | 0% | 61 | 26 | 6 | 6 | 1 | Dec-20 |
8 | Morison KSi* | 0.4 | 0.3 | 8% | 10 | 52 | 27 | - | 11 | Dec-19 |
9 | UC&CS Global* | 0.3 | 0.4 | -18% | 61 | - | 29 | 10 | - | Dec-20 |
10 | Abacus Worldwide* | 0.3 | 0.3 | 0% | n.d | n.d | n.d | n.d | n.d | n.d |
11 | EAI International* | 0.3 | 0.3 | 0% | 48 | - | 5 | 45 | 2 | Dec-20 |
12 | DFK International* (3) | 0.2 | 0.4 | -44% | 20 | 58 | 17 | 4 | 1 | Dec-20 |
13 | Antea* | 0.1 | 0.1 | -23% | 15 | 23 | 29 | 33 | - | Dec-20 |
14 | Inpact* | 0.1 | n.ap | n.ap | 7 | 67 | 15 | 11 | - | Dec-20 |
15 | Praxity* | 0.1 | 0.1 | -26% | 21 | 36 | 22 | 8 | 13 | 2020 |
Total fee income / growth | 11.5 | 12.2 | -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 | ||||||||||||||
Rank | Name | Total staff 2020 | Last year 2019 | Growth rate (%) | Female staff | Female Partners | Partners | Professional staff | Administrative staff | Offices | ||||
2020 | 2019 | 2020 | 2019 | 2020 | 2019 | 2020 | 2019 | |||||||
Networks | ||||||||||||||
5 | BDO* | 202 | 191 | 6% | n.d | 5 | 15 | 14 | 171 | 159 | 16 | 18 | 3 | 3 |
6 | Nexia International* | 73 | 81 | -10% | 35 | 2 | 5 | 5 | 52 | 60 | 16 | 16 | 1 | 1 |
7 | HLB* | 73 | 73 | 0% | 43 | 3 | 6 | 6 | 52 | 52 | 15 | 15 | 1 | 1 |
8 | Baker Tilly International * | 54 | 55 | -2% | 33 | 0 | 6 | 5 | 42 | 42 | 6 | 8 | 3 | 3 |
9 | RSM* | 47 | 43 | 9% | 26 | 0 | 4 | 4 | 36 | 32 | 7 | 7 | 1 | 1 |
10 | Crowe* | 44 | 42 | 5% | 6 | 0 | 2 | 2 | 30 | 30 | 12 | 10 | 1 | 1 |
11 | Kreston Global* | 35 | 39 | -10% | 28 | 1 | 2 | 2 | 30 | 30 | 3 | 7 | 1 | 1 |
12 | PKF International* | 25 | 25 | 0% | n.d | n.d | 4 | 4 | 15 | 15 | 6 | 6 | 1 | 1 |
13 | UHY International* | 21 | 21 | 0% | 7 | 1 | 4 | 4 | 16 | 15 | 1 | 2 | 1 | 1 |
14 | ECOVIS International* | 20 | n.ap | n.ap | 9 | 0 | 3 | n.ap | 15 | n.ap | 2 | n.ap | 1 | n.ap |
15 | Grant Thornton* | 17 | 10 | 70% | 6 | 0 | 2 | 2 | 15 | 8 | - | - | 1 | 1 |
16 | Kudos International* | 15 | n.ap | n.ap | 4 | 1 | 3 | n.ap | 12 | n.ap | - | n.ap | 1 | n.ap |
17 | Moore Global* | 13 | 25 | -48% | 12 | 2 | 2 | 2 | 10 | 22 | 1 | 1 | 1 | 1 |
18 | UC&CS América* | 13 | 16 | -19% | 6 | 0 | 2 | 2 | 9 | 11 | 2 | 3 | 1 | 1 |
19 | SMS Latinoamérica* | 12 | 12 | 0% | 5 | 1 | 1 | 1 | 10 | 10 | 1 | 1 | 1 | 1 |
20 | Russell Bedford International* | 10 | 10 | 0% | 1 | 0 | 4 | 4 | 5 | 5 | 1 | 1 | 1 | 1 |
- | TGS Global* | n.ap | 11 | n.ap | n.d | n.d | n.ap | 2 | n.ap | 7 | n.ap | 2 | n.ap | 2 |
Total staff / growth | 674 | 654 | 3% | 221 | 16 | 65 | 59 | 520 | 498 | 89 | 97 | 20 | 20 | |
Associations | ||||||||||||||
1 | LEA Global / Leading Edge* | 69 | 66 | 5% | 38 | 0 | 6 | 6 | 46 | 43 | 17 | 17 | 2 | 2 |
2 | Integra International* | 42 | 42 | 0% | n.d | n.d | 7 | 7 | 30 | 30 | 5 | 5 | 1 | 1 |
3 | PrimeGlobal* | 36 | 69 | -48% | n.d | n.d | 6 | 5 | 22 | 48 | 8 | 16 | 2 | 2 |
4 | BKR International* | 31 | 34 | -9% | 20 | 1 | 3 | 3 | 24 | 31 | 7 | - | 1 | 1 |
5 | MGI Worldwide with CPAAI* | 30 | 38 | -21% | n.d | 4 | 9 | 6 | 21 | 32 | - | - | 2 | 2 |
6 | IAPA* | 18 | 18 | 0% | n.d | n.d | 2 | 2 | 13 | 14 | 3 | 2 | 1 | 1 |
7 | UC&CS Gobal* | 13 | 16 | -19% | 6 | 0 | 2 | 2 | 9 | 11 | 2 | 3 | 1 | 1 |
8 | DFK International* | 12 | 12 | 0% | 9 | 0 | 2 | 2 | 8 | 8 | 2 | 2 | 1 | 1 |
9 | Abacus Worldwide* | 10 | 10 | 0% | n.d | n.d | 2 | 2 | 6 | 6 | 2 | 2 | 2 | 1 |
10 | EAI International* | 10 | 10 | 0% | 2 | 0 | 2 | 2 | 7 | 7 | 1 | 1 | 1 | 1 |
11 | Inpact* | 10 | n.ap | n.ap | 7 | 0 | 3 | n.ap | 6 | n.ap | 1 | n.ap | 1 | n.ap |
12 | Allinial Global* | 8 | 12 | -33% | 0 | 0 | 2 | 2 | 5 | 8 | 1 | 2 | 1 | 1 |
13 | Morison KSi* | 7 | 7 | 0% | 3 | 0 | 2 | 2 | 3 | 3 | 2 | 2 | 1 | 1 |
14 | Antea* | 5 | 7 | -29% | 2 | n.d | 2 | 2 | 2 | 4 | 1 | 1 | 1 | 1 |
15 | Praxity* | 4 | 4 | 0% | n.d | n.d | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 1 |
Total staff / growth | 305 | 345 | -14% | 87 | 5 | 51 | 44 | 204 | 247 | 53 | 54 | 19 | 17 | |
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 | ||||||||||||||
Rank | Name | Total staff 2020 | Last year 2019 | Growth rate (%) | Female staff | Female Partners | Partners | Professional staff | Administrative staff | Offices | ||||
2020 | 2019 | 2020 | 2019 | 2020 | 2019 | 2020 | 2019 | |||||||
Networks | ||||||||||||||
5 | BDO* | 202 | 191 | 6% | n.d | 5 | 15 | 14 | 171 | 159 | 16 | 18 | 3 | 3 |
6 | Nexia International* | 73 | 81 | -10% | 35 | 2 | 5 | 5 | 52 | 60 | 16 | 16 | 1 | 1 |
7 | HLB* | 73 | 73 | 0% | 43 | 3 | 6 | 6 | 52 | 52 | 15 | 15 | 1 | 1 |
8 | Baker Tilly International * | 54 | 55 | -2% | 33 | 0 | 6 | 5 | 42 | 42 | 6 | 8 | 3 | 3 |
9 | RSM* | 47 | 43 | 9% | 26 | 0 | 4 | 4 | 36 | 32 | 7 | 7 | 1 | 1 |
10 | Crowe* | 44 | 42 | 5% | 6 | 0 | 2 | 2 | 30 | 30 | 12 | 10 | 1 | 1 |
11 | Kreston Global* | 35 | 39 | -10% | 28 | 1 | 2 | 2 | 30 | 30 | 3 | 7 | 1 | 1 |
12 | PKF International* | 25 | 25 | 0% | n.d | n.d | 4 | 4 | 15 | 15 | 6 | 6 | 1 | 1 |
13 | UHY International* | 21 | 21 | 0% | 7 | 1 | 4 | 4 | 16 | 15 | 1 | 2 | 1 | 1 |
14 | ECOVIS International* | 20 | n.ap | n.ap | 9 | 0 | 3 | n.ap | 15 | n.ap | 2 | n.ap | 1 | n.ap |
15 | Grant Thornton* | 17 | 10 | 70% | 6 | 0 | 2 | 2 | 15 | 8 | - | - | 1 | 1 |
16 | Kudos International* | 15 | n.ap | n.ap | 4 | 1 | 3 | n.ap | 12 | n.ap | - | n.ap | 1 | n.ap |
17 | Moore Global* | 13 | 25 | -48% | 12 | 2 | 2 | 2 | 10 | 22 | 1 | 1 | 1 | 1 |
18 | UC&CS América* | 13 | 16 | -19% | 6 | 0 | 2 | 2 | 9 | 11 | 2 | 3 | 1 | 1 |
19 | SMS Latinoamérica* | 12 | 12 | 0% | 5 | 1 | 1 | 1 | 10 | 10 | 1 | 1 | 1 | 1 |
20 | Russell Bedford International* | 10 | 10 | 0% | 1 | 0 | 4 | 4 | 5 | 5 | 1 | 1 | 1 | 1 |
- | TGS Global* | n.ap | 11 | n.ap | n.d | n.d | n.ap | 2 | n.ap | 7 | n.ap | 2 | n.ap | 2 |
Total staff / growth | 674 | 654 | 3% | 221 | 16 | 65 | 59 | 520 | 498 | 89 | 97 | 20 | 20 | |
Associations | ||||||||||||||
1 | LEA Global / Leading Edge* | 69 | 66 | 5% | 38 | 0 | 6 | 6 | 46 | 43 | 17 | 17 | 2 | 2 |
2 | Integra International* | 42 | 42 | 0% | n.d | n.d | 7 | 7 | 30 | 30 | 5 | 5 | 1 | 1 |
3 | PrimeGlobal* | 36 | 69 | -48% | n.d | n.d | 6 | 5 | 22 | 48 | 8 | 16 | 2 | 2 |
4 | BKR International* | 31 | 34 | -9% | 20 | 1 | 3 | 3 | 24 | 31 | 7 | - | 1 | 1 |
5 | MGI Worldwide with CPAAI* | 30 | 38 | -21% | n.d | 4 | 9 | 6 | 21 | 32 | - | - | 2 | 2 |
6 | IAPA* | 18 | 18 | 0% | n.d | n.d | 2 | 2 | 13 | 14 | 3 | 2 | 1 | 1 |
7 | UC&CS Gobal* | 13 | 16 | -19% | 6 | 0 | 2 | 2 | 9 | 11 | 2 | 3 | 1 | 1 |
8 | DFK International* | 12 | 12 | 0% | 9 | 0 | 2 | 2 | 8 | 8 | 2 | 2 | 1 | 1 |
9 | Abacus Worldwide* | 10 | 10 | 0% | n.d | n.d | 2 | 2 | 6 | 6 | 2 | 2 | 2 | 1 |
10 | EAI International* | 10 | 10 | 0% | 2 | 0 | 2 | 2 | 7 | 7 | 1 | 1 | 1 | 1 |
11 | Inpact* | 10 | n.ap | n.ap | 7 | 0 | 3 | n.ap | 6 | n.ap | 1 | n.ap | 1 | n.ap |
12 | Allinial Global* | 8 | 12 | -33% | 0 | 0 | 2 | 2 | 5 | 8 | 1 | 2 | 1 | 1 |
13 | Morison KSi* | 7 | 7 | 0% | 3 | 0 | 2 | 2 | 3 | 3 | 2 | 2 | 1 | 1 |
14 | Antea* | 5 | 7 | -29% | 2 | n.d | 2 | 2 | 2 | 4 | 1 | 1 | 1 | 1 |
15 | Praxity* | 4 | 4 | 0% | n.d | n.d | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 1 |
Total staff / growth | 305 | 345 | -14% | 87 | 5 | 51 | 44 | 204 | 247 | 53 | 54 | 19 | 17 | |
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 |