AFR Magazine’s hotly anticipated Power issue includes lists of the key players across five industry sectors. Here are the year’s leaders in consulting.
A two-year-long contraction in the Australian advisory sector is ending, and the big four consulting firms are now expecting modest growth this financial year. The downturn led to Deloitte, EY, KPMG and PwC cutting almost 500 partners and more than 5000 staff from a 2023 peak.
The slump – caused by factors including the long shadow of the PwC tax leaks scandal, nervous private sector clients, fewer deals, and the unknown effect of artificial intelligence – caused a power shift at the big four, from the consultants to the auditors.
Edmund TadrosProfessional services editorEdmund Tadros leads our coverage of the professional services sector. He is based in our Sydney newsroom. Email Edmund at edmundtadros@afr.com.au
