PracticeAccounting FirmsKPMG in £16m reinvention drive

KPMG in £16m reinvention drive

KPMG is to spend £16m a year in a bid to reinvent itself once it has hived off its management consultancy practice.

The move is in response to fears that firms such as KPMG would be seen as less glamorous after splitting from their consulting partners.

Known as ‘Darwin’, the project is designed to create a firm that is ‘faster and more flexible’, and give the Big Five firm’s staff greater freedom in the way they work. The financial commitment will include time costs, but also involves expenditure on internal online systems.

Ian Barlow, KPMG’s new London senior partner, said: ‘This is part of the response to what life will be like without consulting.’

Building on previous management initiatives, Barlow admitted the individual ideas were not new, but claimed the combined package was ‘radical’.

Part of the review involved a re-assessment of the firm’s physical environment, including office layout and online systems to speed up travel and other expense authorisations.

The firm has just completed a series of roadshows in London, Birmingham, Manchester and Glasgow telling staff of the changes. KPMG floated its consultancy arm in the US last year, and it is likely the European consultancy practice will be sold to the US company.

Links

KPMG Consulting eyes European arms

KPMG Consulting income falls 21%

Related Articles

Productive accountancy firms lead the way

Accounting Firms Productive accountancy firms lead the way

1d Simon Adcock, HSBC
LLPs in Top 50+50: Will LLPs continue to be the preferred set-up?

Accounting Firms LLPs in Top 50+50: Will LLPs continue to be the preferred set-up?

2d Fergus Payne, Lewis Silkin
BDO’s global revenues pass $8bn

Accounting Firms BDO’s global revenues pass $8bn

1w Alia Shoaib, Reporter
Top 40 International Networks, Associations and Alliances: Finding growth amid uncertainty

Accounting Firms Top 40 International Networks, Associations and Alliances: Finding growth amid uncertainty

2w Philip Smith, Reporter
Top 40 International Networks, Associations and Alliances 2017: Big Four tussle for top spot

Accounting Firms Top 40 International Networks, Associations and Alliances 2017: Big Four tussle for top spot

2w Emma Smith, Managing Editor
BDO reports revenue growth of 5.7%

Accounting Firms BDO reports revenue growth of 5.7%

2w Alia Shoaib, Reporter
Taylorcocks announces merger with Surrey firm

Accounting Firms Taylorcocks announces merger with Surrey firm

2w Emma Smith, Managing Editor
Kingston Smith reports 7% gender pay gap

Accounting Firms Kingston Smith reports 7% gender pay gap

3w Emma Smith, Managing Editor