This Month
Tracking and decoding corporate jargon
A tracker of our growing list of corporatespeak – and our suggestions for plain-language alternatives. Consider it your jargon dictionary.
- Updated
- Edmund Tadros
Alvarez & Marsal lands advisory role on $4b Novotech sale
Bain and Kohlberg are both running hard at the asset and are expected to submit binding offers at the end of this month.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Seven PwC partners join MinterEllison
New partner Nicole Salimbeni said law firms make more natural homes for some advisers than big four consultancies.
- Maxim Shanahan
NAB tapped Bain & Company for its strategy refresh
Consulting firm Bain was called in to help National Australia Bank with its new strategy focusing on customers, it can be revealed.
- Edmund Tadros
Labor cuts spending on major consulting firms by $891m over two years
The value of Commonwealth work outsourced to Accenture, Deloitte, EY, KPMG and PWC is down to $1.5 billion since Labor took power in mid-2022.
- Edmund Tadros
$500m in Canberra consulting to be slashed
Consulting firms working for Defence, the NDIS and the Tax Office will be hardest hit by a new plan to strip more than $500 million in work from the embattled advisory sector this financial year.
- Edmund Tadros
October
World’s oldest consulting firm reopens in Australia
Arthur D. Little, the world’s original consulting firm, once again has a dedicated Australian operation that will initially aim to win work in the energy sector.
- Edmund Tadros
Start-up deploys AI to slash consultant costs
A company launched by Accenture’s former head of generative AI uses the tools to streamline costly early legwork by consultants.
- Edmund Tadros
US legislators push to investigate McKinsey over its China work
A group of Republicans are demanding US government officials probe the consulting firm over its work with the Chinese government and state-owned enterprises.
- Didi Tang
- Exclusive
- KPMG
This is the kind of consulting work KPMG Australia will send offshore
The firm’s consulting arm plans to send 44,000 hours of work to employees based overseas this financial year as part of a push to change the way KPMG operates.
- Edmund Tadros
From revenue to partner pay and scalps: Consulting’s bad year revealed
Everything you need to know about how the big four firms fared during the past year, including which firm is now No. 1, how much partners are being paid, and why the firms are all shrinking.
- Edmund Tadros
How this consultant saves half a day a week using AI
KPMG graduate Niamh Tomlinson says improved productivity using the firm’s internal AI tool lets her spend more time doing higher value work.
- Edmund Tadros
Sydney ESG consultant EMM courts private equity; Moelis on tools
Street Talk can reveal EMM’s shareholders have mandated MA Moelis to seek a buyer for a 45 per cent stake in the business with guidance for $10 million-plus EBITDA.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Exclusive
- PwC
FTI Consulting in talks to bring on five partners from PwC, Scyne
Boutique advisory firm FTI Consulting is planning to bring on a former PwC partner and four managing directors from PwC spin-off Scyne as part of a push to beef up its healthcare team.
- Edmund Tadros
Former KPMG exec revels in return to project ownership
Charlotte Jordan moved to specialist consultancy TMX Transform from KPMG so she could once again see a brief all the way from start to finish.
- Edmund Tadros
EY’s local strategy division appoints deals veteran as leader
Clients are willing to pay a premium for strategy advisers who are also experienced industry experts, says the new managing partner of EY’s local strategy arm.
- Edmund Tadros
September
Legal privilege an ‘attraction’ in law firm’s consulting play
HPX Group chief executive Nick Humphrey says rolling consulting services into a legal practice means clients have a better chance of taking advantage of legal privilege.
- Maxim Shanahan
PwC revenue slumps $820m after tax leaks scandal
Takings fell by more than a quarter to $2.35 billion in 2023-24, making it PwC Australia’s worst decrease ever, as the fallout from the crisis continues.
- Edmund Tadros
The most powerful people in the consulting sector in 2024
As the fallout from the PwC scandal still looms large, smaller operations are moving in on the big four’s turf.
- Edmund Tadros
Dutton to bring ex-minister back from consulting land
Former senior PwC partner and Liberal minister Jamie Briggs is returning to politics after he leaves his role as corporate affairs leader at professional services start-up Scyne Advisory.
- Edmund Tadros and Myriam Robin