PracticeConsultingConsultants ‘are worried about Big Four’

Consultants 'are worried about Big Four'

Big consulting firms are getting worried about increasing competition from the Big Four

The Big Four are again building up to become serious players in the
consulting market and the big consulting firms are worried about the increasing
competition, according to an Accountancy Age web poll.

The poll of Accountancy Age readers found that 68% disagreed with
statements coming out of major consulting players like Capgemini and Accenture
over the Big Four’s lack of expertise and ability to again compete with them for
consulting work.

The Big Four have built up their consulting and advisory divisions over the
past two years having divested their consulting arms at the turn of the century.
But with non-competes running out the firms have aggressively recruited from
consultants over the same period.

Nearly one-third (32%) agreed with the consultancy firms, with 19% of
respondents saying that the Big Four lacked breadth of service and 13% said that
the Big Four would have to implement products as well as advise in order to
compete.

Accenture managing director, David Thomlinson, and Capgemini consulting CEO,
Tom Blacksell, hit out against the Big Four in Accountancy Age two
weeks ago.

Blacksell said clients were more ‘discerning’ and consultants needed to carry
out as well as advise on work: ‘The ability to execute as well as advise: I see
that as being a pre-requisite to being successful in the market.’

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