PracticeAccounting FirmsBig Four back in top ten consultancies

Big Four back in top ten consultancies

Since their recent return to the consulting market, the Big Four have massively outgrown their competitors

The Big Four have smashed their way back into the list of the top ten
consulting firms this year, massively outgrowing the leaders in the marketplace.

Three of the four firms who recently re-entered the market have all seen the
work come flooding back.
PricewaterhouseCoopers fee
income grew by 34% to £289m,
KPMG’s grew by 13% to £242m
and
Ernst
& Young
climbed by 16% to £198m.
In contrast,
Accenture,
IBM and
Xansa grew headline revenues
by 2%, 6% and 8% respectively.

This year’s Accountancy Age survey of the market puts the Big Four
all back in the top ten consulting firms by revenue.

The figures will be the best riposte to established players in the
marketplace, who earlier this year provocatively suggested the Big Four didn’t
have as much range and depth as they did.

‘I’m pleased the Big Four had a good year. It confirms all types of client
will look for our high-value advisory services,’ said Deloitte managing director
of consulting David Owen.

The firms are still short of the revenues of the main players. Accenture made
£851m last year, the survey says. The market as a whole grew income by 12% to
just under £6bn.

After non-competes ran out between the Big Four and the consultancies to whom
the firms had sold their consulting arms, the accountants have pursued
aggressive hiring strategy, reclaiming many former employees in the battle for
talent with the IT giants.

Related Articles

RSM announces growth across every business line in 2017

Accounting Firms RSM announces growth across every business line in 2017

11h Lucy Skoulding, Reporter
WorkStyle: Helping accountants to support new contractors

Accounting Firms WorkStyle: Helping accountants to support new contractors

6d ClearSky Accounting | Sponsored
Grant Thornton grows profits while radically reshaping portfolio

Accounting Firms Grant Thornton grows profits while radically reshaping portfolio

7d Alia Shoaib, Reporter
How to protect LLP firms from a damaging team move

Accounting Firms How to protect LLP firms from a damaging team move

1w Clive Greenwood, Lewis Silkin
Grant Thornton reports gender pay gap at 26.6%

Accounting Firms Grant Thornton reports gender pay gap at 26.6%

3w Alia Shoaib, Reporter
5 ways to adapt your accounting services for millennial clients

Accounting Firms 5 ways to adapt your accounting services for millennial clients

4w Receipt Bank | Sponsored
Smith & Williamson reports double digit growth

Accounting Firms Smith & Williamson reports double digit growth

4w Alia Shoaib, Reporter
RSM UK reports 9% revenue rise

Accounting Firms RSM UK reports 9% revenue rise

4w Alia Shoaib, Reporter