KPMG is to offer its management consultants a greater role in running the firm after senior partners dismissed reports of the business line conducting an ?Andersen-style? breakaway.
Colin Sharman, UK senior partner and international chairman, said no firm decisions had been made, but the firm supported the idea of consultants taking a ?more active role? as a reflection of their growing contribution. ?They will be well supported in that,? he added.
Sharman said KPMG is in a strong position for planned restructuring and investment.
A growing role for KPMG?s UK consultants was fuelled by recent disclosure of their contribution to the firm?s 1997 UK results. Consultancy was the fastest growing revenue producer with fees up 36% to #153.2m and the third largest contributor. First quarter revenues for 1998 show revenues were up 45% to #37.3m.
KPMG?s chief operating officer Mike Rake said: ?Our consultants are keen to remain an integrated part of the firm.?
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