Accountancy firms ask for exemptions from ban on providing services to Russia May 24, 2022 Accountancy firms have asked the UK government to offer exemptions to professional services firms from rules blocking them from working with Russian clients. The calls come after the government this month set out plans to block British accountants, business consultants, and PR managers from providing their services to Russians, in response to the country’s invasion [...]
McKinsey helped ‘turbocharge’ opioid sales while working for US regulators, House committee says April 28, 2022 Consultancy giant McKinsey played a “pivotal role” in the US opioid crisis by helping Purdue Pharma “turbocharge” sales of opioid painkiller Oxycontin whilst working for US drug regulators, a Congressional report has said. The multi-billion-dollar consulting firm helped Purdue develop strategies to boost sales of its addictive painkiller, by advising the firm to offer its [...]
McKinsey pulls staff out of Russia and sends them to Kazakhstan March 17, 2022 Consultancy giants McKinsey and BCG are pulling their staff out of Russia and sending them to the former Soviet republics of Kazakhstan and Azerbaijan. Big Three consulting firm McKinsey has already sent its Russian employees to Almaty, the largest city in Kazakhstan, according sources speaking to Financial News. Meanwhile, Boston Consulting Group (BCG) is [...]
McKinsey and BCG face calls to cut ties with Russian businesses, after pledging to sever links with Putin government March 1, 2022 Consultancy giants McKinsey and Boston Consulting Group (BCG) are facing calls to further sever their links to Russia, after both firms said they would stop working with the Russian government. The calls come after the UK government called on City of London firms to cut ties with Putin’s regime. Consulting giant McKinsey is facing calls [...]
UK consultancies are hiring fewer Oxbridge and Russell Group uni grads than a decade ago February 6, 2022 The UK’s management consultancies are hiring fewer Oxbridge graduates and fewer Russell Group university graduates than they were a decade ago, figures from the Management Consultancies Association (MCA) show. The proportion of young management consultants from the UK’s top-ranking Russell Group universities has dropped from heights of 73 per cent in 2011, to rates of [...]
Bain, McKinsey and BCG outgun Big Four with huge salaries and big bonuses January 28, 2022 The Big Three consulting firms – Bain, McKinsey, and Boston Consulting Group (BCG) – are now offering considerably higher salaries than the Big Four accounting firms – EY, PwC, KPMG, and Deloitte – new figures from Management Consulted show. A tight global labour market in 2021 and stiff competition among white collar firms has caused [...]
McKinsey to face racketeering lawsuit, after case revived in appeal January 20, 2022 A US court has reopened a case against consultancy giant McKinsey, alleging the US firm filed false statements in bankruptcy courts to win lucrative consulting contracts. The US Court of Appeals revived a racketeering case put forward by consulting firm AlixPartners, claiming McKinsey misled the bankruptcy court over its conflicts of interest, meaning it won [...]
McKinsey wins govt contract worth up to £3m: fights off competition from EY, Bain and Boston Consulting August 23, 2021 McKinsey & Company has won a contract worth up to £3m to consult the government on digital, data and technology services ahead of the annual spending review, according to reports. The firm fought off competition from EY, Bain and Boston Consulting Group, according to reports, which suggest that the contract, valued at £53,571 per day, [...]
Global pharma and data firms have had access to NHS patient data for years, analysis finds July 23, 2021 More than 40 pharmaceutical, consultancy and data companies worldwide have access to UK hospital data and medical records, according to new analysis. The detailed medical records – many from the NHS – date back years, the Financial Times first reported. Some companies with access to the records are co-founded by the Sackler family, who have [...]
Weekend Read: Foreign investors flee Myanmar as regime strengthens grip May 16, 2021 Businesses have continued to bow out of Myanmar after the bloody coup has killed more than 750 people and seen over 5,000 arrested for protesting the military’s forced reign. Companies began to flee Myanmar in March, like Japanese beverage group Kirin which had a $1.7bn stake in Myanmar Economic Holdings Public Company Limited, a company [...]