Thursday, September 2, 2010 1:05pm

This is a year of transition, as firms shift their focus from cost cutting to growth. And this pivot can also be illustrated in consultants’ renewed satisfaction in their firms, according to Consulting’s 2010 Best Firms to Work For survey.

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This Week In The Profession

»PwC to Buy Diamond PricewaterhouseCoopers recently announced plans to acquire Diamond Management & Technology Consultants for $378 million. The deal has been unanimously approved by both companies' boards and is expected to close by the end of 2010, pending the approval of Diamond's stockholders and antitrust clearance.
»A.T. Kearney Achieves Carbon Neutrality A.T. Kearney announced it has achieved its goal to be carbon neutral across its worldwide operations by 2010. In 2007, A.T. Kearney established a set of baseline metrics against which to measure its carbon footprint.
»Accenture: Businesses Set to Rebuild A little more than half—54 percent—of large U.S. businesses that reduced staff in the past 12 months plan to rebuild their workforces to pre-recession levels within two years, according to a study released by Accenture.
»KPMG Unveils Financial Reporting Network KPMG has launched the Financial Reporting Network (FRN), a single source of online information and insight for corporate decision makers on trends and developments related to the the issues of financial reporting.
»By the Numbers: HR Consulting Financial Roundup The Human Resources consulting marketplace is still experiencing uneven growth, according to the latest quarterly updates from the profession’s largest HR consultancies.
»Roland Berger Elects New CEO, Executive Committee Roland Berger Strategy Consultants has elected Martin Wittig as its new CEO, replacing Burkhard Schwenker.
»KPMG Buys Grant Thornton's Supply Chain Practice KPMG acquired the Supply Chain Advisory Services practice of Grant Thornton LLP, a U.S. member firm of Grant Thornton International Ltd.
»Roberts to Lead Buck Consultants Mike Roberts has been named executive managing director of Buck Consultants and will take the consultancy’s top leadership position effective immediately.
»Aon Corporation to Buy Hewitt Associates Aon Corporation has agreed to buy Hewitt Associates Inc. in a cash-and-stock deal valued at nearly $5 billion.
»No Deal: ATK, Booz & Company Call Off Merger Talks After more than a month of speculation about a possible merger between Booz & Company and A.T. Kearney, the firms say they are ending talks and there is no deal.

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Interviews

»One on One with KPMG's Koecher & Rodriguez KPMG’s Restructuring Services group just got a lot stronger. On July 16, KPMG acquired Grant Thornton’s supply chain advisory practice, effectively doubling the size of its core restructuring team and broadened its service offerings.

»One on One with Ed Hess Grow or Die. It’s probably the most common business axiom, and the least accurate, according to the new book “Smart Growth: Building an Enduring Business by Managing the Risks of Growth” (Columbia Business School Publishing). To better understand the book’s implications for firms, Consulting’s One-on-One sat down with the book’s author, Ed Hess, a former Arthur Andersen strategy consultant and current professor at the University of Virginia's Darden Graduate School of Business.

»One on One with Summit's David Litherland When prospective employees interview for a job, they obsess over making a good, lasting impression. Firms should do the same. To learn how firms can avoid typical pitfalls, Consulting’s One on One sat down with David Litherland, managing partner of Summit Search Group, an executive search firm specializing in placing professionals within professional service firms.

»One on One with PwC's Tom Craren Senior executives are becoming immune to traditional marketing. Marketing consultants tell us that to pierce through the white noise of corporate communication, firms should consider “content marketing”. Instead of more traditional marketing, providing valuable insight and perspective in a blog or electronic newsletter can serve as a more effective door opener. One of the best examples is PricewaterhouseCoopers’ “10-Minute” series. For almost three years, PwC has boiled down complex thought leadership into small electronic pieces an executive can read in about ten minutes. To learn more about PwC’s marketing efforts, Consulting’s One-on-One sat down with Tom Craren, the firm’s brand strategy and thought leadership leader. His team of 20 writers produces between two to three 10-minute pieces each month, along with more detailed white papers.

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Upcoming Events

Webinar - Best Practices in Firm Management - A 360° Update - September 22, 2010

Virtual Symposium - New Ideas in Consulting Firm Management - September 30, 2010

Consulting Summit - Innovative Solutions for Sustainable Growth - November 4, 2010

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»How would you currently describe morale at your firm?

»Data Watch

Where would you be most apt to go if you left your current employer?

Source: Consulting magazine's Best Firms to Work For survey, 2009

Client Industries

Focus: Client Industries

	Healthcare »New E&Y Healthcare Practice Leader Eyes Substantial Growth At the end of March, President Obama signed major healthcare reform into law. In April, John Distefano joined Ernst & Young as leader of the firm’s healthcare practice of its Advisory Services Group. How’s that for timing?
	Manufacturing »BCG Driving Change Through its Automotive Practice That sound you're hearing just may be The Boston Consulting Group revving up its Automotive practice. The firm is working for the U.S. Treasury on an initial public offering for General Motors, which is expected to be announced shortly.
	Public Sector »Capgemini Sees Opportunity in U.S. Public Sector Market Two years ago, Capgemini generated about $30 million in its Government Solutions practice. By year’s end, the practice will be tallying about $135 million in revenue, a 450 percent increase in just two years.
	Energy »Oil & Water The BP oil spill in the Gulf of Mexico has brought much of the world’s focus back to energy. Consulting sat down with two of PRTM’s energy consultants—Kate Fickle, Director of the Energy Practice and Shahid Malik, a Vice President in the Energy Business Group—to discuss what went wrong in the Gulf, the U.S. Government’s role, where we go from here, and what it all means for clients.