Key Industry Sectors

Business & Professional Services

The business and professional services cluster is among the largest in North America and is growing in step with the city's highly diversified economy. Legal and accounting firms, engineering/construction consulting firms, advertising and marketing agencies, management, technical and design consultancies, human resources services - all create the vital business infrastructure that attracts corporate headquarters and global professional firms. Thanks to a highly educated workforce, great international connections and low operating costs, Toronto businesses have the top-notch support network that is essential to success.

Business & Professional Services Sector Contact Information

Alicia I. Bulwik, MRAIC, MCIP, RPP
Senior Advisor, Business & Professional Services Sector
Tel: 416-392-1289
Fax: 416-392-3374
abulwik@toronto.ca

Highlights

  • In total, 316,480 people provide business and professional services in the city of Toronto;
  • Some 24,000 business and professional service firms in Toronto make up 21% of the Canadian total for this cluster;
  • Toronto is home to 21 of Canada’s 30 largest law practices, the head offices for 7 of Canada's top 10 accounting firm, 7 of the 10 largest advertising and communications agencies and all 10 top human resources and benefits firms;
  • Close to half a million highly skilled people work in downtown Toronto and businesses can draw from an overall labour force of nearly 2 million. Over 56% of employees in Toronto's diverse economy have post-secondary degrees or certificates.

Diverse range of services

  • Some 24,000 business and professional service firms in Toronto make up 21% of the Canadian total for this cluster.
  • Toronto is home to 21 of Canada's 30 largest law practices, the head offices for 7 of Canada's top 10 accounting firms, 7 of the 10 largest advertising and communications agencies and all 10 top human resources and benefits firms.

 


 

Legal and accounting

21 of Canada's 30 largest legal practices have offices in Toronto

Rank
2014
FirmToronto Employment
Total Canadian
Employment
1

Borden Ladner Gervais LLP

272

743

2

Gowling Lafleur Henderson LLP

219

693

3

Fasken Martineau DuMoulin LLP

227

630

4

Norton Rose Fulbright Canada LLP

199

624

5

McCarthy Tétrault LLP

269

588

6

Blake, Cassels & Graydon LLP

269

570

7

Dentons Canada LLP

176

558

8

Miller Thomson LLP

154

479

9

Strikeman Elliott LLP

203

459

10

Osler, Hoskin & Harcourt LLP

267

403

11

Bennett Jones LLP

143

352

12

McMillan LLP

155

311

13

Torys LLP

239

267

14 Davis LLP

55

247

15

Davies Ward Phillips & Vineberg LLP

136

222

16

Cassels Brock & Blackwell LLP

206

220

19

Goodmans LLP

200

213

23

Aird & Berlis LLP

151

151

28

Blaney McMurtry LLP

121

121

29 Lerners LLP 48 119
30 Hicks Morley Hamilton Stewart Stone LLP 90 117

(Source: Lexpert, Canadian Legal Lexpert Directory , 2014

Seven of Canada's largest Accounting firms have head offices in Toronto

Top 10 Accounting Firms in Canada (2009)
FirmHead office2009 revenue ($000s)Partners/ PrincipalsProfessional staffTotal staffNumber of offices
Deloitte & Touche LLP

Toronto

1,387,000

542

5,263

5,805

57

Pricewater
house
Coopers LLP

Toronto

1,128,900

429

3,912

4,341

25

KPMG LLP

Toronto

1,075,510

418

3,400

3,818

33

Ernst & Young LLP

Toronto

855,000

330

2,603

2,933

15

Grant Thornton Canada1

Toronto

462,000

402

2,565

2,967

112

BDO LLP

Toronto

393,000

368

1,968

2,336

95

Meyers Norris Penny LLP

Calgary

329,000

254

721

975

50

Collins Barrow National Co-operative

Waterloo

138,365

171

499

670

36

RSM Richter

Montreal/ Toronto

124,000

101

333

434

3

Mallette

Quebec

49,445

57

419

476

22


Advertising and communications

Toronto is home to a wide range of advertising and communications agencies, with many of the largest global leaders in this field having offices in Toronto. The city also has a range of smaller agencies which have garnered significant national attention.

Global advertising and communications firms located in Toronto include:

Canadian-owned firms located in Toronto include:

Management consultancy

Toronto also has offices for many of the world's largest management consultancy firms, including:

Source: Institute of Communications Agencies

Organizations/ associations