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...The chief executive of BCG has said the $12bn consulting firm expects to generate a fifth of its revenues in 2024 from helping corporations integrate artificial intelligence into their businesses, a share...
...The group was consulting on raising his pay to about £11mn from £6.25mn, they added; an increase of 76 per cent....
...Bain & Company has picked the head of its European private equity advisory business to be its next global chief executive, as the consulting group deals with an industry slowdown and the fallout from a corruption...
...In a multi-stage process that first involved a change of the existing group’s legal structure, the firm then carved out its highly profitable consulting, tax and M&A advisory operations through an asset...
...EY’s audits of collapsed payments group Wirecard were “at the very least” negligent and in some cases grossly negligent, according to people with direct knowledge of the details of an investigation by the...
...“If a group of partners came along and said, ‘join our lawsuit’, I would not have wanted to sign away my right to do that,” the former partner said. Grant Thornton declined to comment....
...The Messina Group has advised companies such as Google, Uber and Airbnb, sometimes being paid in shares rather than cash....
...A group of retired partners, including three former chief executives, are negotiating with the current leadership to try to get a better deal....
...Surveys point to better growth for the consulting sector this year....
...EY also last year rejected a proposal from US private equity group TPG to break up the firm globally and take a stake in its consulting business....
...Professional services group Accenture has cut its full-year forecast, as economic uncertainty weakens demand for its consulting services....
...the challenges facing the consulting sector....
...Below the Big Four, there are a group of mid-sized firms that include Grant Thornton and Oliver Wyman. Last year the financial services industry accounted for £5.86bn of the market, the report found....
...The groups were placed in the classes below, based on the average number of recommendations in that sector or service: • The top 10 per cent of consulting firms (based on the total number of recommendations...
...Consulting firms increase pressure on low performers Twenty-something-year-olds with Ivy League pedigrees have historically been able to rely on a well-trodden path to success: work for a top-tier consulting...
...The industry group expects activity to bounce back with 11 per cent growth in 2025....
...The US has often chafed at these central costs, which totalled $6.4bn last year, or almost 13 per cent of the group’s global revenue....
...The founder of the accounting firm hired by Donald Trump’s social media group has used 14 variations of his name in filings with the industry regulator, far more than any other US auditor, according to a...
...Rising geopolitical tensions and the commercial and regulatory disruption being wrought by artificial intelligence also present opportunities for the group....
...failed to request crucial account information from a Singapore bank where Wirecard claimed the cash was deposited — a routine audit procedure that could have uncovered the vast fraud at the German payments group...
...It raises fresh questions over the consulting firm’s denial that it ever worked for Beijing....
...The persistence of historically high inflation means the real-terms value of a new consulting job will be sharply lower next year....
...Trump Media & Technology Group engaged WithumSmith+Brown to check its financial statements shortly after the company was founded in 2021, but by the end of the year the accounting firm had decided it did...
...The GlassHouse report said the group had never been profitable since its founding in 1995 and added it was “facing an existential crisis”....
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