PWC has seen profits per partner fall five per cent, to £706,000 from £740,000, in the latest year when turnover grew faster in Scotland than the UK as a whole.
The accountancy giant said revenues increased by 12 per cent in Scotland in the year to June, without disclosing further details.
UK revenues increased by 11 per cent to £3.4bn, from £3.08bn in the preceding year.
Total profits increased by around one per cent to £829m from £818m.
The firm said the fall in distributable profit per partner was due to its strategy of investing in people and technology, citing key acquisitions, record partner promotions and increases in staff remuneration.
The number of UK equity partners increased by around five per cent to 926, from 885.
PwC appointed three new equity partners in Scotland in the latest year, maintaining partner numbers at 32. It has around 900 staff, up from 810 in June 2015.
The firm said it achieved growth in all business areas, including audit, tax and corporate finance, with particular client demand for cyber security, data analytics and technology services.
Lindsay Gardiner, regional chairman PwC Scotland, said the Brexit vote had boosted demand for advisory services.
He noted: “While the impact of leaving the EU is still being worked through across the UK, including Scotland, history has shown us that Scottish businesses are capable of adapting in the face of change and we are advising our clients to navigate the changing landscape. We’re seeing increased appetite for strategic advice and support around immigration, trade negotiations and financial services.”
Successes for PwC in Scotland in the year to June included winning the Weir Group and Virgin Money audits, being appointed global tax advisor to Aggreko and John Menzies and advising on the sale of Worldmark the East Kilbride-based smart label firm, to Canada’s CCL Industries.
PwC acquired Praxism, an Edinburgh-based consultancy specialising in identity and access management, to bolster its capabilities in the IT sector.
It hired former Secretary of State for Scotland Michael Moore as a special advisor on devolution matters, including the ramifications of the EU Referendum.
PwC said it employs over 21,000 people across its 64 offices in the UK, Channel Islands and Middle East.
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