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...Retired US partners of Grant Thornton have stepped up their fight for a bigger share of the proceeds from the sale of the accounting firm, hiring lawyers to challenge management over the terms of the deal...
...Partners will be taken out of management positions.”...
...After a fractious call with Grant Thornton’s management last week, retirees said the sum they were offered was unfairly low, in some cases coming up short by $1mn or more....
...EY-Parthenon sits as an elite brand within the firm’s advisory arm, offering counsel to chief executives and working on restructuring and M&A deals, along with digital transformation and other consulting...
...Ryan had been expected to become global chair of PwC but encountered opposition to his management style....
...San Francisco-based Maceda’s tenure has been marked by the expansion of Bain’s digital advisory practice, in part through 25 acquisitions, which helped swell annual revenues from a little over $3bn in 2018...
...The FT reported in August that EY was cutting about 150 jobs at its financial services consulting practice, with staff across the firm told to expect less generous pay rises....
...Both men came from the consulting side of the firm....
...Deloitte’s financial advisory practice increased revenues just 4.7 per cent in local currency terms to $5.1bn, a sharp slowdown from more than 20 per cent the previous year....
...According to Management Consulted, which coaches graduates on getting a job at the Big Four and other consulting firms, Deloitte pushed up starting salaries significantly....
...Documenting and sharing client feedback is one way to ensure we’re delivering for them, and is a standard practice within Citi and across the industry.”...
...financial penalties for gardening leave — a required hiatus between jobs — has spread across the Big Four in the US in the past decade as competition for talent and clients has intensified, particularly on the consulting...
...“It is more difficult to get promoted,” said Namaan Mian, chief operating officer of Management Consulted, which coaches students through the consulting firm recruitment process....
...Last week, the FT reported PwC’s incoming US chief Paul Griggs was planning to reverse a controversial restructuring of its tax practice, dismantling the business model brought in by the firm’s current senior...
...Handler, who led the tech banking practice at Centerview beginning in 2008, left the boutique in 2022 amid a rift with Centerview’s founders, Blair Effron and Robert Pruzan....
...He previously led the firm’s operations practice in the Americas and its private equity practice globally....
...So argues Tamzen Isacsson, chief executive of the Management Consultancies Association: “We’re now entering the difficult stage of sustainability [consulting], which is about managing business change and...
...Apollo told him: “Apollo’s accounts receivable department never knowingly, or as a matter of practice, improperly billed any Apollo-managed funds for expenses that should have been accounted for as management...
...Apollo’s accounts receivable department never knowingly, or as a matter of practice, improperly billed any Apollo-managed funds for expenses that should have been accounted for as management company expenses...
...One of the former partners added that the decision showed Deloitte’s management was willing to make difficult decisions....
...A vote among the consulting firm’s 750 senior partners was still open, bringing an unusual undercurrent to the proceedings....
...He previously worked for Brookfield Asset Management. Latham & Watkins has hired Yohei Nakagawa as partner in the M&A and private equity practice in Tokyo....
...What is more, the need for consulting in this area is as profound as ever, Twaronite says....
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