KPMG kick-started 2021 with 33 partner promotions in practice groups that span the entire firm, signalling its strong recovery from the pandemic after it paused appointments in April.

The accounting giant managed to limit the sting of the lockdown on its business, recording a 7 per cent increase in revenue to $1.91 billion in the 2020 financial year and has repaid a portion of the pay cuts made at the start of the pandemic.