2016 Global Annual Review Fact Sheet
FY16 global revenues rise to record US$35.9 billion as PwC looks to future
- Strategy for growth – driven by PwC purpose
- Total workforce reaches new record - over 223,000
- Supporting our clients with more than 15,800 people dedicated to technology services
- Over $500 million invested in quality and service development
- 11 million hours of training undertaken by PwC people across the world
- Over 26,000 graduates joined PwC – more than 50% female
- PwC named strongest global business-to-business brand
PwC has been created by the merger of two firms—Price Waterhouse and Coopers & Lybrand—each with historical roots going back some 150 years. Set out below are some key milestones in the history of both firms.
- 1849 – Samuel Lowell Price sets up in business in London.
- 1854 – William Cooper establishes his own practice in London, which seven years later becomes Cooper Brothers.
- 1865 – Price, Holyland and Waterhouse join forces in partnership 1874 Name changes to Price, Waterhouse & Co.
- 1898 – Robert H. Montgomery, William M. Lybrand, Adam A. Ross Jr. and his brother T. Edward Ross form Lybrand, Ross Brothers and Montgomery.
- 1957 – Cooper Brothers & Co (UK), McDonald, Currie and Co (Canada) and Lybrand, Ross Bros & Montgomery (US) merge to form Coopers & Lybrand.
- 1982 – Price Waterhouse World Firm formed.
- 1990 – Coopers & Lybrand merges with Deloitte Haskins & Sells in a number of countries around the world.
- 1998 – Worldwide merger of Price Waterhouse and Coopers & Lybrand to create PwC.
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