Consulting fees grew by just 10% this year, according to a survey by our
sister title Management Consultancy.
The top 75 consulting firms grew revenues by £455m, with revenues for the
firms in the survey breaking the £5bn barrier.
The consulting market did not, however, grow to the extent commentators had
expected. This year’s increase in fees of 9.6% on 2004 compared to an increase
of 13.9% the previous year.
The results also show the reliance of the Big Four on their consulting arms –
Deloitte picked up £351m in business advisory fees and PwC earned £216m.
Ernst & Young recently re-entered the market after a five-year hiatus,
publicly announcing its focus on growing business advisory revenue streams. KPMG
has also re-joined the market, reaching a deal with Atos origin not to poach the
latter’s staff in exchange for ending their non-complete agreement.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.