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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 UK consulting market will fail to grow this year for the first time since 2020, according to a new report, which includes input from the Big Four....
...Bob Sternfels has failed to win the support of a majority of McKinsey’s senior partners for another term at the helm of the consulting firm in the second round of its leadership ballot, forcing him into...
...The firm’s largest business, consulting, continued to be its fastest growing, posting revenues up 19.1 per cent in local currency, to $29.6bn....
...EY and its rivals have come under pressure due to a prolonged slide in M&A activity and a slowdown in broader consulting work as companies reduce or cancel projects and push for lower fees....
...Beijing has been clamping down on foreign consulting firms amid concerns about the implications of data leaving the country, prompting a drop-off in work....
...consulting boom....
...Truncale will replace Carmine Di Sibio, who is retiring in June in the wake of the collapse of a plan to spin off EY’s consulting arm into a new public company....
...As McKinsey’s 3,000 partners gathered last week in Copenhagen for their first in-person meeting in two years, the firm’s leadership was projecting a positive message and pointing to a consulting market that...
...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...
...Latham & Watkins has hired Yohei Nakagawa as partner in the M&A and private equity practice in Tokyo. He previously worked for Morrison & Foerster....
...Many different agendas bumping in to each other — and a disordered UK market in regard to remuneration. Duncan Reed Director, Condign Board Consulting London SW1, UK...
...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...
...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....
...As the trade association for the UK management consulting sector, gathering official data from 90 leading consulting firms, independently verified by the Savanta market research company, we beg to differ...
...Second-quarter revenue was $15.8bn, matching analyst expectations and flat from a year earlier. Consulting revenue fell 3 per cent while managed services revenue rose 3 per cent....
...US megadeals are slowly bringing M&A action back If a UK paper and packaging company is at the centre of a bidding war, then M&A must be back....
...A year ago, Accenture announced plans to axe 19,000 jobs as businesses, particularly those in the tech sector, began to scale back spending on consulting services amid a tougher economic backdrop....
...JPMorgan’s vice-chair of investment banking Andy Lipsky and co-head of strategic investor group M&A Haidee Lee are leaving the bank, according to a person familiar with the matter....
...A former top investment banker at Centerview Partners did not strike a valid agreement to become a full-fledged partner at the elite advisory firm during a restaurant meeting held more than a decade ago,...
...Among the failings on the M&C Saatchi audit, the FRC said KPMG did not apply sufficient professional scepticism over a client payment that increased revenues by £1.2mn....
...Cara Spinks Head of Insurance Consulting, OAC, London EC2, UK...
...“We’re a large enterprise consulting business, which means we get into solutions and technology in a fairly heavy way,” explains Phil Spring, UK sustainability services leader at IBM Consulting....
...McKinsey is facing a criminal investigation in the US over its work for opioid manufacturers, piling new pressure on a firm that has paid almost $1bn to settle civil claims that its advice fed an epidemic...
...McKinsey generated a record $16bn revenue in 2023, despite a broad slowdown in the consulting industry. It does not disclose profits....
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