Hints and tips:
Related Special Reports
...BDO last year took an alternative approach, opting to convert to an employee-owned corporation, funded by private debt....
...The firm legally became a corporation at the beginning of last month, turning its 860 partners into employee-shareholders, although they continue to use the term “partner”....
...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....
...That is the pitch of businesses that increasingly tout themselves as one-stop shops for advice to major corporations. Welcome to the world of the everything adviser....
...It was cited by BDO USA’s switch from a partnership to a corporation. This was followed by $1.3bn in debt financing from Apollo Global Management to fund purchases of shares by a new employee trust....
...McKinsey boss Bob Sternfels is facing a tougher than expected bid for re-election after a backlash to his restructuring of the consulting firm and a slowdown in growth....
...The culprit, Gopal reckons, is sterling: The pound is a highly relevant factor here. The main input cost in a lot of these services is likely to be wages....
...Over the past 16 years, big buyout groups such as Blackstone, KKR, Apollo and TPG have transformed from clubby partnerships into publicly traded corporations with large public market valuations....
...A vote among the consulting firm’s 750 senior partners was still open, bringing an unusual undercurrent to the proceedings....
...Becker took the helm of RSM US in 2022 having previously run its consulting business....
...Until last November, he was a top executive at Compass Lexecon, a division of management consulting firm FTI Consulting....
...Then they see everybody else going into marketing, consulting, etc and there is a tendency to do everything, all at once....
...By contrast, a corporation is taxed directly on its profits, at rates that were substantially lowered by then-president Donald Trump....
...According to Pritha Venkatachalam, managing partner for Asia at The Bridgespan Group, a social sector consulting firm, this difference is often driven by personality....
...The partnership is an example of an Indian corporation that has answered Prime Minister Narendra Modi’s call to build a world-class defence industry, which is something India has struggled to do for years...
...Next, consider anger about profiteering and the public’s growing distrust of big corporations and their influence over the political class....
...The news comes weeks after Allen & Overy’s partners voted through the Shearman & Sterling merger....
...Conservatives have disparaged corporate diversity initiatives since their inception in the 1960s, noted Joelle Emerson, chief executive of DEI consulting firm Paradigm, but companies largely tuned out opponents...
...“It is inevitable that this environment will change,” said Kavan Choksi, wealth consultant at corporate advisory KC Consulting....
...Chart of the day Sterling is the only major developed world currency to strengthen against the dollar this year....
...Shearman & Sterling of the US and Allen & Overy, a UK “Magic Circle” firm, plan to combine, creating one of the world’s largest legal businesses....
...“Many corporations are looking at investment cases [elsewhere] and putting their money in other markets.”...
...Letter in response to this article: No leasing company can abandon its biggest market / From Tom MacAleavey, MacAleavey Aviation Consulting, Dublin, Ireland...
...In recent decades, buyout groups such as Blackstone, KKR, Apollo and TPG have transformed from clubby partnerships into publicly traded corporations with large public market valuations....
...He runs the fraud, data and disputes team in the consulting firm’s forensic business....
International Edition