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    Consulting

    This Month

    Sin Yin Long

    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
    The consulting business KPMG listed two decades ago, under the name BearingPoint, went bankrupt in 2009.

    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
    ASX CIO Tim Whiteley is attempting to deliver a raft of tech upgrades.

    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
    Co-founder and co-CEO of EdgeRed Monica Ly  in Sydney on June 6, 2024. Photo: Dominic Lorrimer

    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
    Advertisement
    The new platform will help farmers improve returns and be more sustainable

    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
    McKinsey’s global managing partner Bob Sternfels.

    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
    New Scyne managing director Jessica Lambous.

    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
    Scyne CEO Richard Gwilym wants the firm to be profitable by the end of this financial year.

    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
    The big four firms have been hardest hit by the drop in client demand.

    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
    Janet Truncale has ruled out splitting EY into two separate companies.

    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

    Former Air Force officer Bee Levett is one of 49 new partners at KPMG.

    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
    Kerryn Coker and Kate West believe the cooperative model has, in addition to its benefits for work-life balance, allowed more effective strategic and operational guidance of the company.

    ‘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
    Michael Simkovic, left, of CSO Group with Wayne Gowland of xAmplify who are joining forces.

    ‘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
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    Ilan Leshetz and Asha Walsh, of Oaktree Talent Group, say lifestyle considerations are a factor in consultants wanting to exit their firms.

    Tough jobs market for consultants wanting to jump ship to industry

    Advisers seeking exit opportunities or new roles after job cuts are facing fierce competition for ‘transformation’ and ‘strategy’ roles in companies.

    • Edmund Tadros
    Accenture dwarfed its high-profile rivals, booking $341 million in contracts starting in FY2021, down from $432 million in 2019-20.

    Consultants to lose $5.76b of UK government work

    Public sector consultants are under attack in the UK, following a pullback on their use by the Australian government.

    • Simon Foy
    • Exclusive
    • AI

    EY looks to Microsoft as consultants seek AI sales edge

    EY is giving all staff access to Microsoft’s new AI sales assistant in an effort to win tech-related advisory and software installation contracts. 

    • Tess Bennett
    Jeremy Thorpe hsa left PwC after almost 17 years as a partner and is now a director a Sapere in Sydney on June 14, 2024. Photo: Dominic Lorrimer

    Economist Jeremy Thorpe goes boutique after PwC Australia

    The long-time PwC partner said there had been a clear shift in client demand “away from the big four consulting firms”.

    • Edmund Tadros
    Anshuman Sengar is from consulting firm Kearney, a local AI leader.

    How this senior consultant uses AI to get more work done

    Kearney’s Anshuman Sengar says using generative AI tools to summarise meetings, write emails and research topics has helped him become more effective at work.

    • Edmund Tadros