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...Tax and legal will remain a standalone business within the new structure as Deloitte tries to wring benefits from the decision to keep its audit and consulting businesses together....
...The Big Four accounting and consulting firm took on about 70,000 sq ft of space near its New Street Square headquarters in February, people familiar with the details told the Financial Times, increasing...
...Deloitte UK plans to axe about 150 junior consulting jobs in two of its consulting teams, even as partners at the firm earned an annual average of more than £1mn last year....
...An MBA student who joined Deloitte Consulting in 2020 could expect to earn $173,000 in the first year, it found, while a 2022 hire could expect $204,000....
...Deloitte and KPMG declined to comment....
Former US partners hire lawyers in fight for bigger share of the proceeds from New Mountain deal
Accounting firm recently agreed to sell a majority stake to New Mountain Capital
...The move affects the graduate intake that joined PwC’s consulting business in autumn 2022....
...The FT reported last month that Deloitte was scaling back its UK deals business following a profitability review. EY cut about 300 jobs last year and has continued to dismiss staff this year....
...private equity group Hellman & Friedman to fund an acquisition spree, and is likely to further intensify competition in a sector that has been fast expanding beyond traditional tax and accounting into consulting...
...Big Four consulting firm Deloitte is scaling back its UK deals business to focus on higher value transactions after a review of its profitability, in a strategic shift away from work it has done for decades...
...In October, the Financial Times reported that Deloitte was planning to axe about 150 junior consulting roles as part of its initial redundancy round....
...Under CVC’s ownership, Teneo has expanded into other areas through acquiring units carved out from larger corporations, including the purchase of the UK restructuring arm of Deloitte....
...Deloitte publishes a staff turnover figure in its annual report, which last year showed departures at their lowest level in a decade both globally and in the Americas....
...A series of scandals and strategic mis-steps exposed shortcomings in the governance of Big Four accounting and consulting firms in 2023, prompting a rethink about how best to hold management to account....
...Deloitte this week announced the biggest overhaul of its operations in a decade as the Big Four firm, which competes with Accenture in parts of the consulting market, braces for a market slowdown....
...The Big Four accounting and consulting firm first launched the internal tool, called “PairD”, in the UK in October, in the latest sign of professional services firms rushing to adopt AI....
...Like the Big Four of EY, KPMG, Deloitte and PwC, Grant Thornton operates as a global network of member firms....
...Revenue in consulting grew 16 per cent, to £1.6bn. Houston said the firm’s financial services, energy and resources, and public sector teams had all experienced “significant demand”....
...The forecast is from an annual report on the consulting market by Source Global Research, which includes input from the Big Four of Deloitte, EY, KPMG and PwC and is considered a benchmark for the industry...
...Deloitte resigned as auditor in May 2017 for an investment vehicle headed by Windhorst — and restated its 2014 and 2015 accounts — after accusing Shard Capital of providing “deliberately false” information...
...Last year, Deloitte said it was making 150 junior consultancy roles redundant in the UK....
...Hundreds of unsecured creditors including consulting firms Accenture and the Boston Consulting Group were owed a total of £44.6mn, according to the administrators’ proposals finalised this week....
...Apsez and Deloitte did not immediately respond to a request for comment....
...All of the Big Four accountancy firms — Deloitte, EY, KPMG and PwC — axed hundreds of roles each, while KPMG also froze pay for about 12,000 of its UK staff....
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