Russell Bedford reports continued growth in IAB World Survey

March 2023

Multi-award-winning global professional services network, Russell Bedford International, has reported some notable performance statistics following an analysis of the recently released International Accounting Bulletin’s 2023 World Survey results, which includes fee data and growth rates of all international accounting groups.

Growing by an impressive 9% in 2022, Russell Bedford International has maintained its position as a Top 20 international network, while continuing to record the consistent growth it has demonstrated in recent years.

The network recorded the seventh fastest growth increase of all networks in the Top 20 and more than double the average growth across all international networks, outside the Big Four.

In four of its six regions, Russell Bedford was positioned in the Top 10 in terms of percentage growth achieved, with Asia reporting the 3rd highest increase of all Top 20 networks. Furthermore, the network recorded the 2nd greatest net increase in number of new member firms.

Russell Bedford’s CEO, Stephen Hamlet, commented: “I’m delighted to see such positive statistics for the network, once more, following the release of the International Accounting Bulletin’s World Survey. After yet another strong year, the statistics speak for themselves and I’m very proud to see the continued advancement of our global network in all areas; an indication of excellent performance.”

He added: “As a network committed to expanding our global footprint, network development is always high on our strategic agenda, hence, coming 2nd with respect to the greatest net increase in number of new member firms is incredibly rewarding. This is evidence that our strategy is working; we’re hitting our targets while delivering on our promises to our members. I’m excited to continue our collective hard work and determination with the unrelenting support of our international board of directors, the Central Office team and of course, our members around the globe.” 

For a summary of Russell Bedford's 2023 performance click HERE.