In this role, he is responsible for overseeing over 10,000 professionals focused on consulting, deals and forensics services. Everson succeeds PwC Vice Chair Dana Mcilwain. Mcilwain was promoted to the new position of PwC Services Leader. (See post from last week. Mention was also made of Everson stepping into Mcilwain's previous role) (ANR had a story in the print edition on July 26 about that move.)
ANR's Big Four rankings based on Thomson Reuters Worldwide Announced Advisor data for the first half of 2012 are a split decision.
Ernst & Young and KPMG split the No. 1 position, among accounting firms, in ANR’s analysis of Thomson Reuters’ Worldwide Announced Advisor data.
KPMG finished the first six months of the year as the top accounting firm on the announced advisor rankings by volume, participating in 140 deals. E&Y led the accounting profession’s largest firms in terms of deal value advising on approximately $9.2 billion worth of deals from Jan. 1 through June 30.
In addition to KPMG’s top finish in deal volume, again, the firm was close behind in deal value with approximately $8.8 billion. (M&A volume and value charts available ANR 30, July 20.) E&Y’s and KPMG’s share of the Big Four deal value for the first six months of the year is better than 70%.
The Big Four firms broke the two-year “losing streak” related to the group's revenue growth rate.
The four largest accounting firms have an actual composite revenue growth rate for the group for FY11:
Ernst & Young added another deal to what could be classified as a flurry of M&A activity in the consulting arena, closing out the month by combining its Fraud Investigation & Dispute Services practice with Cataphora Legal, an e-discovery specialist.
Deloitte solidified its business intelligence capabilities with its May 9 deal to acquire substantially all of Oco’s assets.