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Grant Thornton

Top six accounting firm.

Headquarters:
175 W. Jackson Blvd, 20th floor
Chicago, IL 60604
Employees: 6,438
CEO: Steven Chipman
Privately held

Website: http://www.grantthornton.com

Career Site

Grant Thornton LLP is the U.S. member firm of Grant Thornton International, one of the six largest global accounting, tax and business advisory organizations. Grant Thornton International has headquarters in London.

Through member firms in over 100 countries, including 55 offices in 29 states, Grant Thornton provides audit, tax and advisory services to public and private clients around the world. Main industries served include:

- Construction, real estate and hospitality
- Consumer & industrial products
- Financial services
- Global public sector
- Health care organizations
- Not-for-profit sectors
- Technology

Grant Thornton LLP reported revenues of $1.3 billion in 2013.

History

In 1924, 26-year-old Alexander Richardson Grant founded Alexander Grant & Co. in Chicago. Grant had been a senior accountant with Ernst & Ernst (now Ernst & Young). He chose to leave the comfort of an established company to pursue his plan for public accounting. Like our vision today, Alexander Grant was committed to being a business leader in the mid-size companies.

When Grant died in 1938, he was just 40 years old. Despite this unexpected loss, Alexander Grant & Co. survived the change in leadership and continued to grow nationally under the guidance of several dynamic and innovative chief executive officers. The 1950s and early 1960s were a time of both explosive growth and centralization for the firm. The national office in Chicago was established and net revenue exceeded $5 million in 1961.

During the mid-1960s, the firm's leadership decided it was the ideal time to expand internationally. With Wallace E. Olson at the helm, in 1969, Alexander Grant & Co. joined with firms from Australia, Canada, and the United Kingdom to establish the firm of Alexander Grant Tansley Witt. This organization operated successfully for 10 years.

In 1980, Grant joined with 49 other international accounting firms to form Grant Thornton International. Alexander Grant & Co. became the nation's ninth largest accounting firm in 1985, behind that era's "Big Eight" firms, following its merger with Denver-based Fox & Co.

In 1986, the firm changed its name to Grant Thornton, reflecting the affiliation with the United Kingdom firm Thornton Baker, which also changed its name to Grant Thornton.

Benefits

- Health, dental, and vision benefits
- 401(k) plan - After one year, Grant Thornton matches 25 percent up to 6 percent of an employee's semi-monthly deferrals. Employees vest at 20 percent per year of service and are fully vested in the employer match after five years of service.
- Retirement plan - The Employees' Retirement Plan is 100 percent paid by Grant Thornton and is designed to supplement benefits received from the Employee Savings Plan and Social Security benefits. For each year an employee is covered by the retirement plan, Grant Thornton contributes 4 percent of his or her annual salary (subject to government limits) into a retirement account. Five full years of service with Grant Thornton must be completed before an employee is vested and eligible for this retirement benefit. Benefits are payable upon normal retirement age.
- Insurance options
- Paid Time Off - 7 holidays per year; 17 days off for new associates -27 days off per year for senior managers
- Parental benefits
- Employee Assistance Program
- Educational assistance
- Reimbursement plans

Updated March 19, 2014