FTI Consulting
Encyclopedia
FTI Consulting is a global business advisory firm specializing in restructuring and forensic accounting. Its advisory services are divided into five main practice areas - Corporate Finance, Economic Consulting, Forensic and Litigation Consulting, Technology and Strategic Communications. Headquartered in West Palm Beach, Florida
, FTI employs more than 3,700 professionals worldwide. Notable engagements over the last few years include the Lehman Brothers
, General Motors
and Madoff investment scandal
bankruptcies. As of September 2011, FTI had the largest restructuring business in the U.S.. In 2009, FTI was listed as one of the 100 fastest growing U.S. companies.
, which excluded auditors from providing consulting work to their public clients. FTI purchased PwC
's U.S. Business Recovery Services Division ("BRS") in 2002, which at the time was the largest provider of bankruptcy, turnaround and business restructuring services in the United States. Another notable acquisition included the purchase of KPMG
's Dispute Advisory Services in 2003.
. The journal highlights the expertise and shared experiences of senior professionals in various industries, with a specific focus on transformational business events.
West Palm Beach, Florida
West Palm Beach, is a city located on the Atlantic coast in southeastern Florida and is the most populous city in and county seat of Palm Beach County, the third most populous county in Florida with a 2010 population of 1,320,134. The city is also the oldest incorporated municipality in South Florida...
, FTI employs more than 3,700 professionals worldwide. Notable engagements over the last few years include the Lehman Brothers
Lehman Brothers
Lehman Brothers Holdings Inc. was a global financial services firm. Before declaring bankruptcy in 2008, Lehman was the fourth largest investment bank in the USA , doing business in investment banking, equity and fixed-income sales and trading Lehman Brothers Holdings Inc. (former NYSE ticker...
, General Motors
General Motors
General Motors Company , commonly known as GM, formerly incorporated as General Motors Corporation, is an American multinational automotive corporation headquartered in Detroit, Michigan and the world's second-largest automaker in 2010...
and Madoff investment scandal
Madoff investment scandal
The Madoff investment scandal broke in December 2008 when former NASDAQ chairman Bernard Madoff admitted that the wealth management arm of his business was an elaborate Ponzi scheme....
bankruptcies. As of September 2011, FTI had the largest restructuring business in the U.S.. In 2009, FTI was listed as one of the 100 fastest growing U.S. companies.
Dispute Advisory Acquisitions post Sarbanes-Oxley
FTI added over 1,000 employees to its Forensic and Litigation ("FLC") division since the passing of the 2002 Sarbanes-Oxley ActSarbanes-Oxley Act
The Sarbanes–Oxley Act of 2002 , also known as the 'Public Company Accounting Reform and Investor Protection Act' and 'Corporate and Auditing Accountability and Responsibility Act' and commonly called Sarbanes–Oxley, Sarbox or SOX, is a United States federal law enacted on July 30, 2002, which...
, which excluded auditors from providing consulting work to their public clients. FTI purchased PwC
PwC
PricewaterhouseCoopers is a global professional services firm headquartered in London, United Kingdom. It is the world's largest professional services firm measured by revenues and one of the "Big Four" accountancy firms....
's U.S. Business Recovery Services Division ("BRS") in 2002, which at the time was the largest provider of bankruptcy, turnaround and business restructuring services in the United States. Another notable acquisition included the purchase of KPMG
KPMG
KPMG is one of the largest professional services networks in the world and one of the Big Four auditors, along with Deloitte, Ernst & Young and PwC. Its global headquarters is located in Amstelveen, Netherlands....
's Dispute Advisory Services in 2003.
Economic Consulting
FTI purchased Chicago-based Compass Lexecon in 2006. As of October 2011, the company still maintains the Compass Lexecon name.Strategic Communications
FTI expanded its presence in the communications consulting industry with its 2009 acquisition of London based Financial Dynamics ("FD"). FD is now referred to as the Strategic Communications Division of FTI.E - Discovery Technology
FTI acquired Ringtail Solutions Group in 2005. Ringtail's signature product, the Ringtail Discovery Software Suite, provides e-discovery and document management tools to assist consultants and law firms during litigation engagements.FTI Journal
FTI's quarterly-written journal, "The FTI Journal", has won numerous awards for its thought leadership publications. Launched in 2010, the FTI Journal was the consulting industry's first publication to become available on Apple Inc's iPadIPad
The iPad is a line of tablet computers designed, developed and marketed by Apple Inc., primarily as a platform for audio-visual media including books, periodicals, movies, music, games, and web content. The iPad was introduced on January 27, 2010 by Apple's then-CEO Steve Jobs. Its size and...
. The journal highlights the expertise and shared experiences of senior professionals in various industries, with a specific focus on transformational business events.