Baker Tilly International
 | |
| Company type | Consulting Firm Network |
|---|---|
| Industry | Professional services |
| Founded | 1987 |
| Headquarters | 2 London Wall Pl, London Wall, Barbican, London, United Kingdom (global) |
Key people | Francesca Lagerberg, CEO |
| Products | |
| Revenue | $5.6 billion USD (2024) |
Number of employees | 43,000 |
| Website | International Website |
Baker Tilly, also known as Baker Tilly International, is a worldwide network specializing in consulting and public accounting services, with its headquarters situated in London, UK. It holds the position of the sixth-largest CPA advisory firm within the United States and ranks ninth globally among accounting networks by revenue. The organization encompasses 43,000 professionals operating from 700 offices across 143 countries, collectively generating revenues of $5.6 billion.
The network is comprised of member firms affiliated under Baker Tilly International Limited, a UK-based company limited by guarantee. Its operations are divided into four geographic sectors: Asia Pacific; Europe, Middle East and Africa; Latin America; and North America. Each sector is overseen by a chairperson appointed by the International Board who leads an advisory council elected by the member firms.
History
Established in 1987 under the name Summit International Associates, Inc., the network initially spanned 20 countries with 50 member firms and reported revenues of $200 million, placing it 22nd worldwide.
In 2000, Geoff Barnes took over as CEO from Stephen Flesch, coinciding with the relocation of the global headquarters from New York to London. By 2003, Baker Tilly had ascended into the top ten of the International Accounting Bulletin World Survey.
The year 2008 marked the rebranding of Virchow Krause LLP to Baker Tilly US LLP, introducing the Baker Tilly brand into the U.S. marketplace.
In September 2014, the UK-based MHA Macintyre Hudson joined the network, succeeding the previous UK Baker Tilly firm that had transitioned to RSM International earlier that year.
After serving as CEO for sixteen years, Geoff Barnes retired in 2016; Ted Verkade assumed the CEO role starting July of that year.
In 2019, Baker Tilly unveiled a refreshed logo along with the slogan 'Now, for tomorrow,' with more than 90% of its member firms adopting the unified Baker Tilly brand to enhance its global footprint.
August 2020 saw Baker Tilly US merge with Squar Milner LLP, creating a nationwide advisory CPA firm.
Between November 2021 and September 2022, Baker Tilly US expanded through several acquisitions including Margolin, Winer & Evens LLP (New York), Arnett Carbis Toothman LLP (West Virginia), The MFA Companies (Boston), The Compliance Group (California), Bader Martin (Seattle), Management Partners (specializing in local government consulting), and True Partners Consulting (focused on tax advisory).
In December 2021, Freeths—a top-50 UK law firm—became the first independent legal practice in Europe to join Baker Tilly International, broadening its commercial law service offerings across multiple disciplines.
September 2022 witnessed the merger of Baker Tilly Spain with AddVANTE, an advisory firm specializing in M&A, ESG, and real estate. This union created one of Spain’s leading business consultancy firms with over 375 professionals operating from ten offices.
Due to geopolitical developments, on March 16, 2022, Baker Tilly International severed ties with its member firms located in Russia and Belarus.
Francesca Lagerberg was appointed CEO on June 1, 2022—making her the first British female leader of a top-ten global accounting network—and regularly shares expert commentary on industry trends and challenges.
By February 2023, Baker Tilly reported revenues of $4.66 billion—a constant currency growth of 13%—with North America surpassing $2 billion and Asia Pacific exceeding $1 billion for the first time.
Throughout late 2023 and early 2024, UK member firm MHA executed multiple strategic mergers to expand its reach throughout Wales, Northern England, and Scotland.
Revenues reached $5.17 billion in February 2024 with growth recorded across all regions and service sectors.
Also in February 2024, private equity investors Hellman & Friedman and Valeas Capital Partners acquired a controlling interest in Baker Tilly US. Subsequently, plans were announced to implement an alternative practice structure: Jeff Ferro was named CEO of Baker Tilly Advisory Group LP (covering advisory, tax, and consulting services), while Jere Shawver assumed CEO responsibilities at Baker Tilly US LLP (focusing on attest services).
In April 2025, Baker Tilly agreed to merge with Moss Adams in a $7 billion deal aimed at becoming the sixth-largest CPA advisory firm within the United States.
Baker Tilly US
Baker Tilly US, LLP, operating under the trade name Baker Tilly, is a public accounting and consulting firm based in Chicago, Illinois. Previously known as Virchow, Krause & Company, LLP, it serves as the American affiliate of Baker Tilly International. The firm became part of Baker Tilly International in 1999 and officially adopted the Baker Tilly brand on June 1, 2009. In 2019, Vault Accounting 50 ranked Baker Tilly Virchow Krause, LLP as the eighth most esteemed accounting firm.
The origins of the US entity date back to 1931, with its current partnership structure established in 1953. On June 1, 2009, Virchow, Krause & Company, LLP transitioned to Baker Tilly Virchow Krause, LLP, becoming the exclusive U.S. member operating under the "Baker Tilly" name.
Effective October 1, 2014, Baker Tilly Virchow Krause merged with ParenteBeard, LLC, a firm headquartered in Philadelphia.
Recent growth initiatives include acquiring Arnett Carbis Toothman based in Charleston, WV on September 20, 2021; merging with California’s Squar Milner; and purchasing Margolin, Winer & Evens from New York as of November 1, 2020. Additionally, on November 3, 2021, Baker Tilly announced its acquisition of The MFA Companies, a financial services and consulting organization located in Boston.