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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...
...The Big Four accounting and consulting firm took on about 70,000 sq ft of space near its New Street Square headquarters in February, people familiar with the details told the Financial Times, increasing...
...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...
...Retirees are typically among the firms’ largest creditors but do not have a vote on the sale of the firm....
...The firm has about 600 partners in the US and is the largest member of Grant Thornton International, a network of accounting firms that use a common brand and co-ordinate services worldwide....
...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....
...A person familiar with its deal said that the two private equity firms would take an equity stake of about $1bn for just over 50 per cent of the firm, with more than $900mn coming from H&F....
...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 advisory firm set up by Lord Peter Mandelson, one of the architects of New Labour in the UK, has sold a 20 per cent stake to a US business run by a former Barack Obama aide in a first step towards a...
...PwC departed from the industry’s historic model of having tax as a standalone business unit in 2021, when Ryan split the almost 1,000 US tax partners between the firm’s accounting and consulting arms....
...Live Data Technologies, which tracks the job titles of millions of white-collar workers, observed many fewer promotions in 2023 than in the previous year at consulting and accounting firms....
...Foreseeing the problem, I had chosen a Duchy Organic cucumber, expecting firm flesh like the flesh of those shorter cucumbers that are sold in the Mediterranean....
...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....
...Private equity has been attracted to accounting firms by the combination of steady income from tax and audit work and the opportunity to expand into new services such as consulting....
...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....
...Just as the Big Four accountancy firms expanded their roles, and consulting firms such as McKinsey went from strategy to implementation and beyond, others have followed a similar path....
...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...
...“The market is therefore set to become both tighter and more competitive, and this will make it even more important that consulting firms demonstrate where value is being added.”...
...“This is alongside our work to fast-track investment and hold water companies more accountable — including consulting on a ban on bonuses and bringing in a fourfold increase in inspections.”...
...Deloitte this week announced the biggest overhaul of its operations in a decade as the Big Four firm, which competes with Accenture in parts of the consulting market, braces for a market slowdown....
...The same mission-mindedness can unleash novel ways of working — such as at Systemiq, a global sustainability consulting and investment firm with roughly 350 consultants, co-founded by ex-McKinsey partner...
...PwC boss Tim Ryan tried and failed to get all the Big Four firms to make a common pledge on these issues....
...The cuts would be equivalent to 5 per cent of the firm’s financial advisory division....
...This is the seventh annual listing of the UK management consulting firms most recommended by their clients and peers....
...The increasingly important position of a small number of large US tech firms has drawn the interest of regulators, who are concerned about the risks that increasing reliance on cloud computing firms might...
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