Baker Tilly
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Case Study 45: Baker Tilly, MHA and the Return of the Listed Accounting Firm
21. September 2026
On 15 April 2025, MHA listed on AIM at 100 pence per share, raising approximately £98 million at a £271 million market capitalisation. The firm entered the market with more than 1,800 people, around 160 partners and 23 offices; audit and assurance contributed just over half of revenue. MHA had considered private equity but chose
The AI Capability Layer: Who Will Own the Infrastructure Behind AI-Enabled Professional Services?
31. August 2026
For several years, the artificial-intelligence discussion inside professional services has focused primarily on what individual firms are building. Deloitte, PwC, EY, KPMG and their competitors have invested heavily in internal AI environments, proprietary tools, data platforms, technology alliances and workflow automation. The assumption underneath much of the debate has been familiar: each firm chooses its
Case Study 36: RSM and the Search for Platform Economics Without Private Equity
8. Juni 2026
Originally published June 2026, updated June 2026. For a long time, the global mid-tier accounting networks could tell a simple story about themselves. They were large enough to serve international clients, broad enough to offer audit, tax and consulting, and still close enough to the market to avoid the distance, bureaucracy and internal machinery often
Case Study 27: Baker Tilly and Private Equity – When a Network Starts Becoming a Platform
14. April 2026
Originally published April 2026, updated May 2026, , updated June 2026. Baker Tilly presents itself as a global firm, and by most external measures, it looks like one. The network operates in more than 140 territories, employs more than 50,000 people, and generates global revenues exceeding $5 billion, placing it among the largest accounting and