Managment consultancy - Merger creates #393m giant, reports John Stokdyk
The two wings of newly merged PricewaterhouseCoopers captured 15% of the management consultancy fees earned in the UK in 1997, according to the league table published this week by Accountancy Age’s sister magazine Management Consultancy.
PwC’s combined fee income of #393m was twice that of nearest rival Andersen Consulting’s estimated #164.5m. And PwC could be on track to add another #100m in its first financial year, suggested survey author Philip Abbot.
Large accountancy-based practices continued to dominate the market, which grew by 24% to #2.6bn in 1997. KPMG Management Consulting occupied third place with fees of #153.2m and Deloittes Consulting was fifth with #129.9m. As separate entities, Coopers & Lybrand was top with #243m and Price Waterhouse was just behind KPMG with #150m.
Arthur Andersen was back in 16th place with consultancy fee income of #57m.