Sovereign Capital plans professional services mega-merger December 1, 2024 Sovereign Capital is set to merge seven of its regional professional services firm into one, according to reports. The private equity firm is planning to combine the regional accountants under the name Affinia, The Sunday Times revealed. Affinia is expected to make around £35m a year in sales cumulatively, and is aiming to double its [...]
EY to cut 150 UK consultants as division head steps down December 1, 2024 Big Four accountancy firm EY is set to cut 150 roles in its UK consultancy division and replace one of its most senior executives amid a slowdown in demand. Cuts in the 4,700-strong unit are expected to impact managers, senior managers and directors, it is understood, which are the highest-paid roles below partner level. Meanwhile, [...]
EY reports single-digit growth as workforce figure drops October 17, 2024 EY's revealed its global results showing single-digit growth for the Big Four firm, against the backdrop of smaller headcount
Professional services chiefs fear Gen Z workplace demands are a key ‘threat’ October 16, 2024 Managing a Gen Z workforce is a leading worry for professional service CEOs, as it was revealed they lack the confidence in handling the younger employees.
Deloitte UK: Profit stalls as partners pocket £1m September 30, 2024 Revenue at Deloitte UK increased slightly by over two per cent but against the backdrop of its profits stalling following a challenging market
Big Four under pressure as government looks to slash £5.4bn consultant bill September 19, 2024 The UK government should review opportunities for further insourcing in management consultancy, a top think tank has urged, putting more pressure on the Big Four firms as Labour seeks to cut spending.
EY hands UK tax staff lower bonuses and pay rises amid slowdown September 1, 2024 EY has reportedly cut bonuses and pay rises for thousands of its UK staff while also letting a number of partners go as the Big Four firm grapples with weaker demand for its services.
Frenkel Topping warns of lower earnings in second half August 29, 2024 Frenkel Topping, the specialist professional services firm, has reported a rise in revenue in the first half of the year but warned that earnings are trading behind management’s expectations. In the six months ended 30 June 2024, Frenkel Topping posted £17.9m in revenue, a 12 per cent increase on the previous year’s £16m. Its gross profit also jumped five [...]
KPMG wins £223m UK government contract despite drive to cut spend on consultants August 26, 2024 The UK government has awarded KPMG a contract worth up to £223m to train civil servants despite promising to slash the amount the state spends on external consultants.
Legal sector growth overtakes wider professional services market August 20, 2024 The UK legal sector has grown more than 13 per cent over the last year, surpassing the wider professional services market