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Consulting drives KPMG

London: KPMG, the professional services firm, saw its consulting business drive an increase in UK firm-wide revenues from £1,814m to £1,909m (5 percent) for the financial year ended 30th September 2014. Advisory services saw a 5 percent annual increase in contribution to profits from £308m to £324m, while audit was up 2 percent and tax fell 8 percent. Overall profits, before tax, were down 9 percent as the firm invested in its people, new business lines and new offices. Average partner pay was broadly flat, increasing marginally by 0.3 percent from £713,000 to £715,000.

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