In the latest career development updates, consulting revenue hits £3bn at the Big Four, Carillion pay policy slammed as ‘greed on stilts’ by MPs, fair trial not possible after discussion of the case
Consulting revenue hits £3bn at big four
The consulting arms of UK accounting firms, notably the Big Four, accounted for nearly 40% of all revenues earned in the UK consulting market in 2017, winning the majority of the work in the financial services market and representing the fastest growing firm segment, according to a report from Source Global Research.
The report says accountancy firms’ consulting arms grew by 7.3% to £3bn in 2017, compared to the wider consulting market growth of 6.1% to £7.8bn during the same period.
These firms are eager to build up their digital arsenals as the value of digitisation work performed in the UK consulting market jumped from £1.7bn in 2016 to almost £3bn in 2017, or 37% of the total UK consulting market. With this rapid rate of growth in mind, accounting firms are working hard to become the go-to firms for big, digital transformation projects, the report says.
