This Month
‘I’ll make you more money’: Inside Seymour’s CEO pitch
The candidates had unofficial campaign managers and developed manifestos. Lobbying was done in the office, over drinks, during the weekend. And like any good election, the voters’ main concern was what was in it for them.
- Edmund Tadros
Sayers, Seymour round on Burrowes’ global role
Kevin Burrowes’ second role with PwC International, worth $1.2 million, was criticised by past CEOs who said it presented conflict issues and did not align with the firm’s values.
- Maxim Shanahan and Edmund Tadros
July
Consulting downturn shrinks Deloitte revenue by $70m
Deloitte’s revenue suffered a sharp reversal in 2023-24, with revenue in all sectors either flat or shrinking.
- Maxim Shanahan
- Opinion
- Consulting clients
Why bigger bills equal better value for consulting clients
This ‘designer handbag effect’ is well known in consumer goods, but the same could apply to large professional services firms.
- George Beaton
KordaMentha makes play for Canberra consulting work
KordaMentha has joined Oliver Wyman in setting up a Canberra office to take advantage of the gap left by the big four.
- Maxim Shanahan
Boutique firms prove attractive in big four exodus
Management consultant Sin Yin Long has joined Rennie Advisory, as boutique firms capitalise on instability at the large operators.
- Maxim Shanahan
KPMG pay growth slows in tough market
Pay rises for this financial year were minimal, with graduate salaries increasing by an average of just 1.5 per cent.
- Maxim Shanahan
KPMG axes legal division, dozens of jobs to go
KPMG will undertake its second major restructure in a month, bringing a decisive end to its ill-fated legal experiment.
- Maxim Shanahan
- Exclusive
- Business IT
ASX cuts back on overpaid tech contractors who were ‘taking the p---’
The company’s tech boss is reducing reliance on contractors and consultants after insiders blew the whistle on temporary staff.
- Paul Smith
The consultant telling business what not to do with AI
Data analytics expert Monica Ly says artificial intelligence should only be used to save on costs or generate revenue.
- Edmund Tadros
- Analysis
- Sustainability Leaders
How Sustainability Leaders entrants were assessed
Submissions came from ASX20 companies and multinationals, early-stage ventures and public institutions, and were scored against four measurements.
- Rebecca Russell
- Opinion
- Opinion
Is McKinsey a partnership? Court case, leadership battles stir debate
A former senior partner is suing McKinsey after he was fired for having “communicated about document deletion” relating to the firm’s advice to opioid manufacturers.
- Stephen Foley
Scyne hires from public service, new KPMG role for former OECD exec
Public sector consulting firm Scyne has appointed its first new managing director, while KPMG has brought on former Labor minister David Bradbury as a partner.
- Edmund Tadros and Tom McIlroy
Alvarez & Marsal poaches PwC, EY partners
Transaction services is the highest-demand business unit for Alvarez & Marsal locally, ahead of management consulting and tax advisory.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Exclusive
- PwC tax scandal
Sold for $1, Scyne claws back a third of PwC’s revenue
Scyne, spun out of PwC a year ago, is heading towards $200 million in revenue, rebuilding a third of the roughly $600 million earned by its predecessor firm.
- Edmund Tadros
Consultants face decade-low growth slump
Annual growth in the sector is forecast to fall to its lowest level – apart from the short-lived pandemic slump – since 2015.
- Edmund Tadros
New EY chief rules out reviving plan to split firm in two
New chief executive Janet Truncale has unveiled a plan to slim down the firm’s central bureaucracy.
- Stephen Foley and Simon Foy
June
KPMG appoints ex-RAAF officer as part of halved partner intake
KPMG has announced a significantly reduced intake of new partners as it pivots away from generalist consulting.
- Maxim Shanahan
- Professional Services Winners
- Women in Leadership
‘Non-conforming bid’ that took dynamic duo to the top
The winners of the Professional Services category are two Arup engineers who proposed a unique joint arrangement to enable them to balance leadership and family commitments.
- Maxim Shanahan
- Exclusive
- Cybersecurity
‘Merger of equals’ as two Aussie tech services firms become one
The combined business will compete in a growing but crowded field as firms scramble to up their cybersecurity and add AI to their services.
- Nick Bonyhady
