Baker Tilly International

Baker Tilly International Limited

Headquarters at 2 London Wall Place
Type	Consulting Firm Network
Industry	Professional services
Founded	1987 (1987)
Headquarters	2 London Wall Pl, London Wall, Barbican, London, United Kingdom (global)
Key people	Francesca Lagerberg, CEO
Products	Artificial Intelligence Assurance Consulting Environmental, social, and governance Legal Mergers and Acquisitions Risk Management Tax Transactions
Revenue	US$6.8 billion (2025)1
Number of employees	50,400 (2025)2
Website	bakertillyinternational.com

Baker Tilly also known as Baker Tilly International is an international consulting and public accounting network based in London, United Kingdom.³⁴⁵ It is currently the 8th largest accounting network in the world by revenue with 50,400 people in 754 offices across 147 territories with combined global revenues of US$6.8 billion.⁶

Baker Tilly is composed of member firms of Baker Tilly International Limited, a UK company limited by guarantee.⁷⁸⁴ The network operates geographically through four regions: Asia Pacific; Europe, Middle East and Africa; Latin America; and North America.⁸⁵⁹ Each region has a chair, appointed by the International Board, who leads an advisory council elected by members in that region.⁸⁵⁹

In 1987 Summit International Associates, Inc. is incorporated.¹⁰⁵⁹ The network is represented in 20 countries by 50 firms, with combined revenues of US$200m.¹⁰⁹¹¹ It ranked 22nd in the world in that moment.¹⁰⁹¹¹

2000 Stephen Flesch stepped down as CEO and President of the network after 13 years in the role.¹⁰⁴⁵ Geoff Barnes, is appointed the new CEO.¹⁰⁴⁵ The network's global office moves from New York to London.¹⁰⁴⁹ In 2003 the network breaks into the top 10 of the International Accounting Bulletin World Survey (where it remains today).¹⁰⁹¹¹

In 2008 Virchow Krause, LLP, the network's largest US member firm, announced it would rebrand as Baker Tilly, LLP, taking the Baker Tilly brand into the US market place.¹²¹³¹⁴

Baker Tilly International announced in September 2014 that the UK firm MHA Macintyre Hudson (now just known as MHA) had joined its network replacing the former UK Baker Tilly firm who had joined RSM International earlier that year.¹⁵¹⁶¹⁷

After leading the network for 16 years, Geoff Barnes retired from the role of CEO in 2016.⁴⁵¹⁰ Baker Tilly International's Board of Directors unanimously voted EMEA regional chairman, Ted Verkade, as chief executive officer from 1 July that year.⁴⁵¹⁰

In 2019 the network unveiled a new logo, visual identity and a new slogan: 'Now, for tomorrow'.¹⁸

In August 2020, Baker Tilly US, LLP and Squar Milner, LLP, announced to merge effective on 1 November 2020.¹⁹²⁰²¹ The joint venture name is Baker Tilly US.¹⁹²⁰²¹ In November 2021 Baker Tilly US announced multiple acquisitions including New York–based Margolin, Winer & Evens LLP, one of the largest regional accounting and business advisory firms in the Northeast increasing Baker Tilly's New York team to nearly 400 professionals and West Virginia-based accounting and consulting firm Arnett Carbis Toothman, LLP.²²²³²⁴ The firm also announced that it would enter Boston with the acquisition of The MFA Companies and acquire California-based The Compliance Group.²²²⁵²¹ In May 2022 Baker Tilly US announced the acquisition of Seattle-based accounting firm Bader Martin,²⁶²²²¹ in August local government consulting firm Management Partners²⁷²⁶²¹ and in September tax consultancy firm True Partners Consulting.²⁸²⁷²¹

In December 2021 top 50 UK law firm Freeths became the first stand-alone legal practice in Europe to join Baker Tilly International continuing the global network's expansion into commercial law.²⁹

In September 2022 Baker Tilly Spain announced details of a merger with the M&A, ESG and Real estate advisory services firm AddVANTE.³⁰⁹¹¹ The newly combined entity will rank among the top 12 business advisory firms in Spain, with a team of more than 375 professionals across 10 offices.³⁰⁹¹¹

On 16 March 2022, Baker Tilly International announced that it was separating member firms in Russia and Belarus from its global network saying that "this decision is a direct consequence of the actions of these governments, and not the individuals of these countries."³¹⁴⁵

On 1 June 2022, Baker Tilly International announced the appointment of Francesca Lagerberg as their new CEO.⁴⁵³² She is the first British woman to be the global CEO of a top 10 accounting firm or network.⁵³²³³ She regular appears in the media talking about accounting sector and industry issues.³²³³⁴

In February 2023 Baker Tilly International announced revenues of $4.66bn reflecting a 13% increase in constant currency terms on the last financial year.³⁴³²¹¹ In North America revenues topped $2bn and in Asia Pacific $1bn for the first time.³⁴³²¹¹

In 2023 Baker Tilly's UK member firm MHA announced several mergers with smaller firms in Wales, the North West of England and Scotland.¹⁶¹⁷³⁵

In February 2024 Baker Tilly International announced revenues of $5.17bn with growth across all regions and service lines.⁹¹¹²¹

In February 2024 Baker Tilly US also announced the sale of majority stake to private equity firms Hellman & Friedman (H&F) and Valeas Capital Partners.²¹⁹³⁶ As part of the transaction, Baker Tilly stated plans to adopt an alternative practice structure.²¹⁹³⁶ Jeff Ferro, the firm's CEO, was named chief executive officer of Baker Tilly Advisory Group LP, which would include the firm's advisory, tax, and consulting services.²¹⁹³⁶ Jere Shawver, then managing partner for risk and assurance, was appointed CEO of Baker Tilly US LLP, the licensed CPA firm responsible for attest services.²¹⁹³⁶

January 2025 saw the announcement by Baker Tilly Netherlands that they had entered into a strategic partnership with investment company Inflexion who acquired a minority interest in the firm through its Partnership Capital Fund III.³⁷

In April 2025 MHA floated on the Alternative Investment Market in an unusual move for a professional services firm. ³⁸

Later that same month Baker Tilly US agreed to merge with Moss Adams in a transaction valued at approximately $7 billion, aiming to become the sixth-largest U.S. CPA advisory firm.³⁶²¹⁹

Baker Tilly US, LLP (doing business as Baker Tilly) is a public accounting and consulting firm headquartered in Chicago, Illinois.¹²¹³¹⁴ Formerly known as Virchow, Krause & Company, LLP, the firm is the American member of Baker Tilly International.¹²¹³¹⁴ Having joined Baker Tilly International in 1999,¹²¹³¹⁴ the firm officially adopted the Baker Tilly name on June 1, 2009.¹²¹³¹⁴ Vault Accounting 50 has ranked Baker Tilly Virchow Krause, LLP as the 8th most prestigious accounting firm in their 2019 ranking.¹⁴¹²¹³

The US branch of the firm originated in 1931 and the present partnership was organized in 1953.¹³¹²¹⁴

On June 1, 2009, the former Virchow, Krause & Company, LLP changed its name to Baker Tilly Virchow Krause, LLP, becoming the only U.S. member of the Baker Tilly International network to be branded as "Baker Tilly".¹²¹³¹⁴

Baker Tilly Virchow Krause, LLP merged with Philadelphia-based ParenteBeard, LLC effective October 1, 2014.¹⁹²⁰²¹

On September 20, 2021, Baker Tilly, US, LLP acquired Charleston, WV based accounting and consulting firm Arnett Carbis Toothman.²⁴²²²¹ Baker Tilly US, LLP merged with the California-based accounting firm Squar Milner and acquired the New York–based firm Margolin, Winer & Evens effective November 1, 2020.¹⁹²⁰²³ It was also announced on November 3, 2021, that Baker Tilly, US, LLP is acquiring The MFA Companies, a Boston-based financial services and consulting firm.²²²⁵²⁰