"By my reckoning there are about 42,000 accounting firms in the United States, and 41,600 might be considered to be small.
The No. 1 firm has revenues of about $16 billion with about 65,000 people. Number 100 has revenues of $35 million with about 175 people. Number 300 has about $8 million in revenues and No. 400 has about 20 people and $3 million in revenues. That means the revenues of any of the next 41,600 firms are less than $3 million, and they have fewer than 20 people, including partners or owners. By any standard that is a small business. Most of the small firms are really small, with less than four or five people and revenues less than $600,000. I see a bright future for these firms."
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