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InterviewArtificial intelligence
BCG says AI consulting will supply 20% of revenues this year
...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...
April 23, 2024
Deloitte LLP
Deloitte launches biggest reorganisation in a decade to cut costs
...Partners will be taken out of management positions.”...
March 18, 2024
FT Live
Global Wealth Management Summit
Recalibrating business for multi-generational private clients
Wednesday, 6 November222 Marylebone Road, London NW1 6JQ, United Kingdom
UK local government finance
Warrington Council refused to hand over key information to auditor
...Adam Leaver, professor of accounting at the University of Sheffield, said that management-imposed limitations of scope were “highly unusual”....
May 10, 2024
McKinsey
McKinsey’s Bob Sternfels forced into a run-off in leadership ballot
...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...
January 26, 2024
Bain & Co Inc
Bain picks first European as global chief executive
...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....
January 9, 2024
Management consulting
Peter Mandelson’s advisory firm valued at £30mn in deal with ex-Obama aide
The Messina Group is taking a 20% stake in Global Counsel
April 17, 2024
FT Live
Future of Asset Management Europe
New fund firm models for Europe's resurgence
Tuesday, 12 NovemberLondon, UK
PwC
PwC to reverse controversial US tax split
...Ryan had been expected to become global chair of PwC but encountered opposition to his management style....
April 18, 2024
H2O Asset Management
H2O’s auditor warns accounts ‘do not give a true and fair view’
...H2O Asset Management’s auditor has warned that the firm’s accounts “do not give a true and fair view” of its financial position, handing the once high-flying investment group a rare “adverse” opinion....
March 3, 2024
Grant Thornton LLP
Grant Thornton’s retired partners demand bigger payout from private equity sale
...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....
March 29, 2024
Deloitte LLP (United Kingdom)
Deloitte UK plans to axe 150 graduate consulting jobs
...Within “human capital management” — another subsection of its consulting arm that advises companies on human resources — it plans to fire 45 out of 172 graduates, more than half the total number of lay-offs...
October 20, 2023
News in-depthProfessional services
Consulting firms step up efforts to push out their low performers
...“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....
April 22, 2024
Letter
Letter: Consulting is one of Britain’s export successes
...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...
March 20, 2024
Special ReportUK’s Leading Management Consultants
UK’s Leading Management Consultants 2024: the ratings
...This is the seventh annual listing of the UK management consulting firms most recommended by their clients and peers....
February 29, 2024
PwC
PwC picks consultant Marco Amitrano as next UK senior partner
...Like its rivals, PwC cut hundreds of jobs at the end of last year and also delayed graduate promotions in recent months amid a slowdown in the consulting market....
April 25, 2024
Accenture PLC
Accenture cuts revenue forecast in signal of slower consulting market
...Accenture has cut its annual revenue forecast in the latest sign that the once booming consulting market is slowing....
March 21, 2024
FT Live
Future of Asset Management North America
New models for the next age of fund management
Wednesday, 25 SeptemberNew York, NY, USA
Anjli Raval
Beware the rise of the everything adviser
...Private equity money flooding into the consulting world has put them under the cosh to increase top-line revenues....
March 25, 2024
McKinsey
McKinsey partners re-elect Bob Sternfels after leadership challenge
...McKinsey generated a record $16bn revenue in 2023, despite a broad slowdown in the consulting industry. It does not disclose profits....
February 2, 2024
Management consulting
UK consulting market to flatline as clients cut spending, study finds
...Letter in response to this article: Consulting is one of Britain’s export successes / From Tamzen Isacsson, Chief Executive, Management Consultancies Association, London EC3, UK...
March 18, 2024
Special ReportUK’s Leading Management Consultants
Companies pull back on sustainability advice as demand shifts
...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...
February 29, 2024
Special ReportUK’s Leading Management Consultants
Jobs outlook stirs anxiety among aspiring UK consultants
...After a rapid expansion of consulting work in the pandemic, the sector has seen a fall in demand amid a deteriorating economy and cost-cutting, with large consulting firms announcing cuts and pushing back...
February 29, 2024
Special ReportUK’s Leading Management Consultants
Consultants navigate regulatory sensitivities in the AI era
...Large consulting firms have already begun to develop tools and train staff on the use of AI....
February 29, 2024
McKinsey
McKinsey faces US criminal investigation over opioid industry work
Grand jury set up to hear evidence on consulting for drugmakers tied to addiction epidemic
April 24, 2024
Special ReportUK’s Leading Management Consultants
UK consultancies cut numbers amid market slowdown
...“There was a readjustment [in 2023],” says Tamzen Isacsson, chief executive of the Management Consultancies Association (MCA)....
February 29, 2024
Inside BusinessStephen Foley
Why don’t auditors find fraud?
...Whistleblower hotlines and other internal controls may have helped some companies themselves discover some malfeasance earlier, but what about when management is the perpetrator or a corporate culture is...
May 6, 2024
EY
EY’s new boss shuffles leadership roles and plans cost cuts
...Advocates said Project Everest would have freed the audit and consulting sides of the business from conflict of interest rules that limit their growth....
March 13, 2024

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