New research has revealed that new accountancy firms are opening at a faster rate than they are closing. The number of new accountancy firms opening in 2012, which increased by 9% to 4,500, while 3,700 accountancy firms closed in the same year – a net gain of 800 more new firms. Compared to 2010, the low point for the creation of new accountancy firms, there has been a 30% increase in the number of firms being created.