IAB RANKINGS – Panama
Panama fee and staff tables
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Panama Fee 2022 | |||||||||||
Rank | Name | Fee income (PABm) | Fee income last year (PABm) | Growth rate (%) | Fee split (%) | Year-end | |||||
Audit & Assurance | Accounting services | Tax services | Advisory | Other | |||||||
Networks | |||||||||||
5 | BDO* | 10.6 | 10.3 | 4% | 41 | 19 | 28 | 7 | 5 | Dec-21 | |
6 | Baker Tilly International* (1) | 3.7 | 3.1 | 21% | 42 | 19 | 9 | 1 | 29 | Dec-21 | |
7 | Nexia International* | 2.4 | 2.2 | 9% | 64 | 13 | 22 | 1 | - | Jun-21 | |
8 | HLB* | 2.3 | 2.6 | -11% | 48 | 31 | 19 | - | 2 | Sep-21 | |
9 | Grant Thornton* (2) | 2.0 | 1.0 | 100% | 57 | - | 25 | 18 | - | Sep-21 | |
10 | Crowe* (3) | 2.0 | 2.6 | -23% | 40 | 5 | 40 | 15 | - | Dec-21 | |
11 | RSM* (4) | 1.7 | 2.3 | -26% | 45 | 16 | 16 | 13 | 10 | Dec-21 | |
12 | MGI Worldwide* | 1.0 | 1.0 | 6% | 29 | 34 | 11 | 12 | 14 | Dec-21 | |
13 | PKF International* (4) | 0.8 | 1.0 | -20% | 34 | 40 | 23 | - | 3 | Jun-21 | |
14 | ECOVIS International* | 0.7 | 0.6 | 15% | 22 | 60 | 15 | 3 | - | Dec-21 | |
15 | Kreston Global* (4) | 0.7 | 0.9 | -28% | 63 | 20 | 17 | - | - | Oct-21 | |
16 | Moore Global* (e) | 0.5 | 0.4 | 2% | n.d | n.d | n.d | n.d | n.d | n.d | |
17 | UHY International* | 0.4 | 0.4 | 16% | 38 | 29 | 19 | - | 14 | Dec-21 | |
18 | UC&CS América* | 0.4 | 0.3 | 21% | 73 | - | 18 | 9 | - | Dec-21 | |
19 | SMS Latinoamérica* | 0.4 | 0.4 | 3% | 11 | 64 | 22 | 3 | - | Dec-21 | |
20 | Russell Bedford International* | 0.3 | 0.3 | 0% | 78 | 9 | 6 | - | 7 | Dec-21 | |
21 | Kudos International* | 0.3 | 0.3 | 6% | 28 | 22 | 13 | 6 | 31 | Dec-21 | |
Total revenue / growth | 30.3 | 29.7 | 2% | ||||||||
Associations | |||||||||||
1 | LEA Global / Leading Edge* | 2.6 | 2.5 | 2% | 34 | 22 | 16 | 24 | 4 | Dec-21 | |
2 | PrimeGlobal* | 2.2 | 2.2 | -4% | 38 | 35 | 21 | 5 | 1 | May-22 | |
3 | Integra International* | 1.8 | 1.7 | 6% | 40 | 35 | 18 | 7 | - | Dec-21 | |
4 | BKR International* | 1.1 | 1.2 | -6% | 66 | 19 | 10 | - | 5 | Dec-21 | |
5 | IAPA* | 0.7 | 0.7 | -5% | 10 | 70 | 20 | - | - | Dec-21 | |
6 | Allinial Global* | 0.5 | 0.5 | 0% | 64 | 6 | 21 | 9 | - | Dec-21 | |
7 | Morison Global* (5) | 0.4 | 0.4 | -1% | 11 | 53 | 27 | - | 9 | Oct-21 | |
8 | UC&CS Global* | 0.4 | 0.3 | 21% | 73 | - | 18 | 9 | - | Dec-21 | |
9 | Abacus Worldwide* | 0.3 | 0.3 | 3% | 52 | 15 | 31 | 2 | - | Dec-21 | |
10 | AGN International* (6) | 0.3 | 0.2 | 40% | 12 | 74 | 11 | 3 | - | Dec-21 | |
11 | EAI International* (e) | 0.3 | 0.3 | 2% | n.d | n.d | n.d | n.d | n.d | n.d | |
12 | Inpact* | 0.2 | 0.1 | 95% | 19 | 57 | 8 | 13 | 3 | Dec-21 | |
13 | Antea* | 0.1 | 0.1 | -17% | - | 14 | 31 | 55 | - | Dec-21 | |
14 | Praxity* | 0.1 | 0.1 | 13% | 28 | 31 | 27 | 5 | 9 | 2021 | |
Total revenue / growth | 10.7 | 10.5 | 2% | ||||||||
Notes: (e) International Accounting Bulletin estimate. n.d = not disclosed, n.c.= not collected, n.ap= not applicable, n.av= not available. (1) Increase in fee income attributed to some 2020 invoices being paid in 2021 due to Covid. (2) Increase in fee income attributed to gaining more clients due to reduced prices of services as well as providing Transfer Pricing services. (3) Decrease in fee income attributed to loss of partners and the associated clients as well as reducing rates of services and the outstanding invoices. (4) Decrease in fee income attributed to loss of some clients. (5) Restated figures for last year as the figures provided previously were for the year ended December 2019. The restated figures for last year now reflect the year ended October 2020. (6) Increase in fee income attributed to resumption of client services that were suspended in 2020 due to Covid. *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 2022 | |||||||||||
Rank | Name | Fee income (PABm) | Fee income last year (PABm) | Growth rate (%) | Fee split (%) | Year-end | |||||
Audit & Assurance | Accounting services | Tax services | Advisory | Other | |||||||
Networks | |||||||||||
5 | BDO* | 10.6 | 10.3 | 4% | 41 | 19 | 28 | 7 | 5 | Dec-21 | |
6 | Baker Tilly International* (1) | 3.7 | 3.1 | 21% | 42 | 19 | 9 | 1 | 29 | Dec-21 | |
7 | Nexia International* | 2.4 | 2.2 | 9% | 64 | 13 | 22 | 1 | - | Jun-21 | |
8 | HLB* | 2.3 | 2.6 | -11% | 48 | 31 | 19 | - | 2 | Sep-21 | |
9 | Grant Thornton* (2) | 2.0 | 1.0 | 100% | 57 | - | 25 | 18 | - | Sep-21 | |
10 | Crowe* (3) | 2.0 | 2.6 | -23% | 40 | 5 | 40 | 15 | - | Dec-21 | |
11 | RSM* (4) | 1.7 | 2.3 | -26% | 45 | 16 | 16 | 13 | 10 | Dec-21 | |
12 | MGI Worldwide* | 1.0 | 1.0 | 6% | 29 | 34 | 11 | 12 | 14 | Dec-21 | |
13 | PKF International* (4) | 0.8 | 1.0 | -20% | 34 | 40 | 23 | - | 3 | Jun-21 | |
14 | ECOVIS International* | 0.7 | 0.6 | 15% | 22 | 60 | 15 | 3 | - | Dec-21 | |
15 | Kreston Global* (4) | 0.7 | 0.9 | -28% | 63 | 20 | 17 | - | - | Oct-21 | |
16 | Moore Global* (e) | 0.5 | 0.4 | 2% | n.d | n.d | n.d | n.d | n.d | n.d | |
17 | UHY International* | 0.4 | 0.4 | 16% | 38 | 29 | 19 | - | 14 | Dec-21 | |
18 | UC&CS América* | 0.4 | 0.3 | 21% | 73 | - | 18 | 9 | - | Dec-21 | |
19 | SMS Latinoamérica* | 0.4 | 0.4 | 3% | 11 | 64 | 22 | 3 | - | Dec-21 | |
20 | Russell Bedford International* | 0.3 | 0.3 | 0% | 78 | 9 | 6 | - | 7 | Dec-21 | |
21 | Kudos International* | 0.3 | 0.3 | 6% | 28 | 22 | 13 | 6 | 31 | Dec-21 | |
Total revenue / growth | 30.3 | 29.7 | 2% | ||||||||
Associations | |||||||||||
1 | LEA Global / Leading Edge* | 2.6 | 2.5 | 2% | 34 | 22 | 16 | 24 | 4 | Dec-21 | |
2 | PrimeGlobal* | 2.2 | 2.2 | -4% | 38 | 35 | 21 | 5 | 1 | May-22 | |
3 | Integra International* | 1.8 | 1.7 | 6% | 40 | 35 | 18 | 7 | - | Dec-21 | |
4 | BKR International* | 1.1 | 1.2 | -6% | 66 | 19 | 10 | - | 5 | Dec-21 | |
5 | IAPA* | 0.7 | 0.7 | -5% | 10 | 70 | 20 | - | - | Dec-21 | |
6 | Allinial Global* | 0.5 | 0.5 | 0% | 64 | 6 | 21 | 9 | - | Dec-21 | |
7 | Morison Global* (5) | 0.4 | 0.4 | -1% | 11 | 53 | 27 | - | 9 | Oct-21 | |
8 | UC&CS Global* | 0.4 | 0.3 | 21% | 73 | - | 18 | 9 | - | Dec-21 | |
9 | Abacus Worldwide* | 0.3 | 0.3 | 3% | 52 | 15 | 31 | 2 | - | Dec-21 | |
10 | AGN International* (6) | 0.3 | 0.2 | 40% | 12 | 74 | 11 | 3 | - | Dec-21 | |
11 | EAI International* (e) | 0.3 | 0.3 | 2% | n.d | n.d | n.d | n.d | n.d | n.d | |
12 | Inpact* | 0.2 | 0.1 | 95% | 19 | 57 | 8 | 13 | 3 | Dec-21 | |
13 | Antea* | 0.1 | 0.1 | -17% | - | 14 | 31 | 55 | - | Dec-21 | |
14 | Praxity* | 0.1 | 0.1 | 13% | 28 | 31 | 27 | 5 | 9 | 2021 | |
Total revenue / growth | 10.7 | 10.5 | 2% | ||||||||
Notes: (e) International Accounting Bulletin estimate. n.d = not disclosed, n.c.= not collected, n.ap= not applicable, n.av= not available. (1) Increase in fee income attributed to some 2020 invoices being paid in 2021 due to Covid. (2) Increase in fee income attributed to gaining more clients due to reduced prices of services as well as providing Transfer Pricing services. (3) Decrease in fee income attributed to loss of partners and the associated clients as well as reducing rates of services and the outstanding invoices. (4) Decrease in fee income attributed to loss of some clients. (5) Restated figures for last year as the figures provided previously were for the year ended December 2019. The restated figures for last year now reflect the year ended October 2020. (6) Increase in fee income attributed to resumption of client services that were suspended in 2020 due to Covid. *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 2022 | ||||||||||||||||
Rank | Name | Total staff 2021 | Last year 2020 | Growth rate (%) | Female Staff | Female Partners | Partners | Professional staff | Administrative staff | Offices | ||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||
Networks | ||||||||||||||||
5 | BDO* | 200 | 202 | -1% | 84 | 5 | 15 | 15 | 170 | 171 | 15 | 16 | 3 | 3 | ||
6 | Baker Tilly International * | 65 | 54 | 20% | 40 | 0 | 5 | 6 | 53 | 42 | 7 | 6 | 3 | 3 | ||
7 | Nexia International* | 62 | 73 | -15% | 33 | 2 | 5 | 5 | 44 | 52 | 13 | 16 | 1 | 1 | ||
8 | HLB* (1) | 57 | 64 | -11% | 37 | 3 | 6 | 6 | 40 | 45 | 11 | 13 | 1 | 1 | ||
9 | RSM* | 44 | 47 | -6% | 25 | 0 | 4 | 4 | 33 | 36 | 7 | 7 | 1 | 1 | ||
10 | MGI Worldwide* (2) | 40 | 30 | 33% | n.d | 4 | 9 | 9 | 20 | 21 | 11 | n.d | 2 | 2 | ||
11 | Crowe* | 24 | 44 | -45% | 4 | 0 | 2 | 2 | 15 | 30 | 7 | 12 | 1 | 1 | ||
12 | Kreston Global* | 24 | 35 | -31% | 21 | 1 | 2 | 2 | 19 | 30 | 3 | 3 | 1 | 1 | ||
13 | PKF International* | 23 | 25 | -8% | n.d | n.d | 4 | 4 | 14 | 15 | 5 | 6 | 1 | 1 | ||
14 | Grant Thornton* | 23 | 17 | 35% | 10 | 0 | 2 | 2 | 21 | 15 | - | - | 1 | 1 | ||
15 | UHY International* | 19 | 21 | -10% | 8 | 1 | 4 | 4 | 14 | 16 | 1 | 1 | 1 | 1 | ||
16 | ECOVIS International* | 18 | 20 | -10% | 10 | 0 | 3 | 3 | 14 | 15 | 1 | 2 | 1 | 1 | ||
17 | Kudos International* | 15 | 15 | 0% | 5 | 1 | 3 | 3 | 12 | 12 | - | - | 1 | 1 | ||
18 | Moore Global* (e) | 13 | 13 | 1% | n.d | n.d | n.d | 2 | n.d | 10 | n.d | 1 | n.d | 1 | ||
19 | UC&CS América* | 13 | 13 | 0% | 8 | 0 | 2 | 2 | 9 | 9 | 2 | 2 | 1 | 1 | ||
20 | SMS Latinoamérica* | 12 | 12 | 0% | 5 | 1 | 1 | 1 | 10 | 10 | 1 | 1 | 1 | 1 | ||
21 | Russell Bedford International* | 9 | 10 | -10% | 2 | 0 | 4 | 4 | 3 | 5 | 2 | 1 | 1 | 1 | ||
Total staff / growth | 661 | 695 | -5% | 292 | 18 | 71 | 74 | 491 | 534 | 86 | 87 | 21 | 22 | |||
Associations | ||||||||||||||||
1 | LEA Global / Leading Edge* | 72 | 69 | 4% | n.d | n.d | 7 | 6 | 55 | 46 | 10 | 17 | 2 | 2 | ||
2 | PrimeGlobal* | 44 | 36 | 22% | n.d | n.d | 9 | 6 | 25 | 22 | 10 | 8 | 3 | 2 | ||
3 | Integra International* | 42 | 42 | 0% | n.d | n.d | 7 | 7 | 30 | 30 | 5 | 5 | 1 | 1 | ||
4 | BKR International* | 34 | 31 | 10% | 12 | 1 | 3 | 3 | 24 | 21 | 7 | 7 | 1 | 1 | ||
5 | IAPA* | 18 | 18 | 0% | n.d | n.d | 2 | 2 | 14 | 13 | 2 | 3 | 1 | 1 | ||
6 | UC&CS Gobal* | 13 | 13 | 0% | 8 | 0 | 2 | 2 | 9 | 9 | 2 | 2 | 1 | 1 | ||
7 | Inpact* | 11 | 10 | 10% | 6 | 0 | 3 | 3 | 6 | 6 | 2 | 1 | 1 | 1 | ||
8 | Allinial Global* | 11 | 8 | 38% | 0 | 0 | 3 | 2 | 7 | 5 | 1 | 1 | 1 | 1 | ||
9 | EAI International* (e) | 10 | 10 | 4% | n.d | n.d | n.d | 2 | n.d | 7 | n.d | 1 | n.d | 1 | ||
10 | AGN International* | 10 | 9 | 11% | 1 | 0 | 3 | 2 | 5 | 6 | 2 | 1 | 1 | 1 | ||
11 | Morison Global* (3) | 7 | 8 | -13% | 3 | 0 | 2 | 2 | 3 | 4 | 2 | 2 | 1 | 1 | ||
12 | Abacus Worldwide* | 6 | 10 | -40% | 1 | 1 | 2 | 2 | 2 | 6 | 2 | 2 | 1 | 2 | ||
13 | Antea* | 3 | 5 | -40% | 1 | n.d | 2 | 2 | 1 | 2 | - | 1 | 1 | 1 | ||
14 | Praxity* | 3 | 4 | -25% | n.d | n.d | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | ||
Total staff / growth | 284 | 273 | 4% | 32 | 2 | 46 | 42 | 182 | 179 | 46 | 52 | 16 | 17 | |||
Notes: (e) = IAB estimate, n.d = not disclosed, n.c.= not collected, n.ap= not applicable, n.av= not available. (1) Restated staff figures for last year as there were errors in submission. (2) Data for admin staff were not included last year; they are included this year. (3) Restated figures for last year as the figures provided previously were for the year ended December 2019. The restated figures for last year now reflect the year ended October 2020. *Disclaimer = Data relating to correspondent and non-exclusive member firms is not included. Source: International Accounting Bulletin |
Panama Staff 2022 | ||||||||||||||||
Rank | Name | Total staff 2021 | Last year 2020 | Growth rate (%) | Female Staff | Female Partners | Partners | Professional staff | Administrative staff | Offices | ||||||
2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||
Networks | ||||||||||||||||
5 | BDO* | 200 | 202 | -1% | 84 | 5 | 15 | 15 | 170 | 171 | 15 | 16 | 3 | 3 | ||
6 | Baker Tilly International * | 65 | 54 | 20% | 40 | 0 | 5 | 6 | 53 | 42 | 7 | 6 | 3 | 3 | ||
7 | Nexia International* | 62 | 73 | -15% | 33 | 2 | 5 | 5 | 44 | 52 | 13 | 16 | 1 | 1 | ||
8 | HLB* (1) | 57 | 64 | -11% | 37 | 3 | 6 | 6 | 40 | 45 | 11 | 13 | 1 | 1 | ||
9 | RSM* | 44 | 47 | -6% | 25 | 0 | 4 | 4 | 33 | 36 | 7 | 7 | 1 | 1 | ||
10 | MGI Worldwide* (2) | 40 | 30 | 33% | n.d | 4 | 9 | 9 | 20 | 21 | 11 | n.d | 2 | 2 | ||
11 | Crowe* | 24 | 44 | -45% | 4 | 0 | 2 | 2 | 15 | 30 | 7 | 12 | 1 | 1 | ||
12 | Kreston Global* | 24 | 35 | -31% | 21 | 1 | 2 | 2 | 19 | 30 | 3 | 3 | 1 | 1 | ||
13 | PKF International* | 23 | 25 | -8% | n.d | n.d | 4 | 4 | 14 | 15 | 5 | 6 | 1 | 1 | ||
14 | Grant Thornton* | 23 | 17 | 35% | 10 | 0 | 2 | 2 | 21 | 15 | - | - | 1 | 1 | ||
15 | UHY International* | 19 | 21 | -10% | 8 | 1 | 4 | 4 | 14 | 16 | 1 | 1 | 1 | 1 | ||
16 | ECOVIS International* | 18 | 20 | -10% | 10 | 0 | 3 | 3 | 14 | 15 | 1 | 2 | 1 | 1 | ||
17 | Kudos International* | 15 | 15 | 0% | 5 | 1 | 3 | 3 | 12 | 12 | - | - | 1 | 1 | ||
18 | Moore Global* (e) | 13 | 13 | 1% | n.d | n.d | n.d | 2 | n.d | 10 | n.d | 1 | n.d | 1 | ||
19 | UC&CS América* | 13 | 13 | 0% | 8 | 0 | 2 | 2 | 9 | 9 | 2 | 2 | 1 | 1 | ||
20 | SMS Latinoamérica* | 12 | 12 | 0% | 5 | 1 | 1 | 1 | 10 | 10 | 1 | 1 | 1 | 1 | ||
21 | Russell Bedford International* | 9 | 10 | -10% | 2 | 0 | 4 | 4 | 3 | 5 | 2 | 1 | 1 | 1 | ||
Total staff / growth | 661 | 695 | -5% | 292 | 18 | 71 | 74 | 491 | 534 | 86 | 87 | 21 | 22 | |||
Associations | ||||||||||||||||
1 | LEA Global / Leading Edge* | 72 | 69 | 4% | n.d | n.d | 7 | 6 | 55 | 46 | 10 | 17 | 2 | 2 | ||
2 | PrimeGlobal* | 44 | 36 | 22% | n.d | n.d | 9 | 6 | 25 | 22 | 10 | 8 | 3 | 2 | ||
3 | Integra International* | 42 | 42 | 0% | n.d | n.d | 7 | 7 | 30 | 30 | 5 | 5 | 1 | 1 | ||
4 | BKR International* | 34 | 31 | 10% | 12 | 1 | 3 | 3 | 24 | 21 | 7 | 7 | 1 | 1 | ||
5 | IAPA* | 18 | 18 | 0% | n.d | n.d | 2 | 2 | 14 | 13 | 2 | 3 | 1 | 1 | ||
6 | UC&CS Gobal* | 13 | 13 | 0% | 8 | 0 | 2 | 2 | 9 | 9 | 2 | 2 | 1 | 1 | ||
7 | Inpact* | 11 | 10 | 10% | 6 | 0 | 3 | 3 | 6 | 6 | 2 | 1 | 1 | 1 | ||
8 | Allinial Global* | 11 | 8 | 38% | 0 | 0 | 3 | 2 | 7 | 5 | 1 | 1 | 1 | 1 | ||
9 | EAI International* (e) | 10 | 10 | 4% | n.d | n.d | n.d | 2 | n.d | 7 | n.d | 1 | n.d | 1 | ||
10 | AGN International* | 10 | 9 | 11% | 1 | 0 | 3 | 2 | 5 | 6 | 2 | 1 | 1 | 1 | ||
11 | Morison Global* (3) | 7 | 8 | -13% | 3 | 0 | 2 | 2 | 3 | 4 | 2 | 2 | 1 | 1 | ||
12 | Abacus Worldwide* | 6 | 10 | -40% | 1 | 1 | 2 | 2 | 2 | 6 | 2 | 2 | 1 | 2 | ||
13 | Antea* | 3 | 5 | -40% | 1 | n.d | 2 | 2 | 1 | 2 | - | 1 | 1 | 1 | ||
14 | Praxity* | 3 | 4 | -25% | n.d | n.d | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | ||
Total staff / growth | 284 | 273 | 4% | 32 | 2 | 46 | 42 | 182 | 179 | 46 | 52 | 16 | 17 | |||
Notes: (e) = IAB estimate, n.d = not disclosed, n.c.= not collected, n.ap= not applicable, n.av= not available. (1) Restated staff figures for last year as there were errors in submission. (2) Data for admin staff were not included last year; they are included this year. (3) Restated figures for last year as the figures provided previously were for the year ended December 2019. The restated figures for last year now reflect the year ended October 2020. *Disclaimer = Data relating to correspondent and non-exclusive member firms is not included. Source: International Accounting Bulletin |