Latest
- Opinion
- PwC tax scandal
How Adobe’s PwC tax strategy came unstuck
The manoeuvres of US tech giants to avoid the Multinational Anti Avoidance Law left a paper trail.
- 50 mins ago
- Neil Chenoweth
Consulting downturn shrinks Deloitte revenue by $70m
Deloitte’s revenue suffered a sharp reversal in 2023-24, with revenue in all sectors either flat or shrinking.
- Maxim Shanahan
- Opinion
- Rear Window
Chris Jordan’s valuable insights into shell companies
When it came to regulating the offshore world, the former tax commissioner had personal experience that he could have shared.
- Neil Chenoweth
- Opinion
- Consulting
Why bigger bills equal better value for consulting clients
This ‘designer handbag effect’ is well known in consumer goods, but the same could apply to large professional services firms.
- George Beaton
KordaMentha makes play for Canberra consulting work
KordaMentha has joined Oliver Wyman in setting up a Canberra office to take advantage of the gap left by the big four.
- Maxim Shanahan
Data Trackers
Financial Review consulting salary guide 2022-23
The full guide to how much you can earn at Accenture, Deloitte, KPMG and PwC.
- Edmund Tadros
PwC seeks absolution but can it really change?
The publication of two documents and a video apology for the tax leaks scandal this week was meant to be a circuit breaker. But it won’t be that easy.
- Edmund Tadros
Professional Moves
Scyne hires from public service, new KPMG role for former OECD exec
Public sector consulting firm Scyne has appointed its first new managing director, while KPMG has brought on former Labor minister David Bradbury as a partner.
- Edmund Tadros and Tom McIlroy
Fastest-growing firm pledges ‘aggressive’ targeting of legal rivals
Global law firm HFW has booked record local revenue, and says it plans to target competitors for further growth.
- Maxim Shanahan
More Baker McKenzie exits as firm declares turnaround
Two more partners have left for other firms, but Baker McKenzie says it returned double-digit revenue growth in FY2024.
- Maxim Shanahan
This Month
KPMG’s ghosts in the machine
A radioactive file outlining partners’ alleged behaviour could be called Wild, Crazy Things that Tax Accountants Do.
- Neil Chenoweth
- Opinion
- Rear Window
The Tax Office, the TPB and the kerfuffle wars
After numerous attempts to sideline Tax Practitioners Board CEO Michael O’Neill, the Tax Office turned its sights on the media.
- Neil Chenoweth
Top lawyers ‘name their price’ as competition runs hot
Major law firms are being forced to adapt their partnership structures as high-earning partners test their value on the open market.
- Maxim Shanahan
Workers’ rights law firm admits to underpaying staff $300,000
Prominent class action firm Slater & Gordon says there are “no excuses” for the underpayment which was due to a decade-long miscalculation of leave entitlements.
- Maxim Shanahan
What went wrong with KPMG’s legal experiment
Finding top lawyers willing to tolerate relative anonymity and powerlessness in a distant corner of a mammoth multinational proved a challenge for the legal division.
- Maxim Shanahan
Ashurst partner profits top $2.5m as US challenge looms
Ashurst’s revenue rose by 9 per cent, and partner profits received a handsome boost. But the UK-based firm is looking to the US as American rivals challenge.
- Maxim Shanahan
Boutique firms prove attractive in big four exodus
Management consultant Sin Yin Long has joined Rennie Advisory, as boutique firms capitalise on instability at the large operators.
- Maxim Shanahan
KPMG pay growth slows in tough market
Pay rises for this financial year were minimal, with graduate salaries increasing by an average of just 1.5 per cent.
- Maxim Shanahan
KPMG axes legal division, dozens of jobs to go
KPMG will undertake its second major restructure in a month, bringing a decisive end to its ill-fated legal experiment.
- Maxim Shanahan
Magellan activist Nick Bolton loses high-stakes battle over legal fees
Nick Bolton’s enemies are legion. Though few can be as determined as John Atanaskovic.
- Myriam Robin
‘Give her a go’: New judge blasts ‘painfully slow’ progress for women
Jane Needham blasted the “painfully slow” progress of women in law and urged barristers to consider briefing “that young woman who went to a school you haven’t heard of”.
- Michael Pelly
Rapid growth puts pressure on law partnership structures
Almost two-thirds of new legal partners are now on a part-salary arrangement as rapid growth puts pressure on equity allocations.
- Maxim Shanahan
Deals bounceback yields $3.8m each for law firm partners
A return to deal-making has resulted in profit allocations soaring at London’s Linklaters, which has an alliance with Australian firm Allens.
- Adam Mawardi
- Professional Services Winner
- Sustainability Leaders
Would you like coffee with your concrete?
One of the world’s most polluting materials can be made less polluting. The new technology has helped Arup win the Professional Services category.
- Michael Bleby
- Opinion
- Consulting
Is McKinsey a partnership? Court case, leadership battles stir debate
A former senior partner is suing McKinsey after he was fired for having “communicated about document deletion” relating to the firm’s advice to opioid manufacturers.
- Stephen Foley
Scyne hires from public service, new KPMG role for former OECD exec
Public sector consulting firm Scyne has appointed its first new managing director, while KPMG has brought on former Labor minister David Bradbury as a partner.
- Edmund Tadros and Tom McIlroy
- Exclusive
- PwC tax scandal
Sold for $1, Scyne claws back a third of PwC’s revenue
Scyne, spun out of PwC a year ago, is heading towards $200 million in revenue, rebuilding a third of the roughly $600 million earned by its predecessor firm.
- Edmund Tadros
- Exclusive
- Legal industry
Clifford Chance partner to dispute his termination
Perth-based Sam Luttrell, a leading arbitration lawyer, was terminated by the firm after an investigation into complaints of serious misconduct.
- Maxim Shanahan
- Analysis
- Legal industry
Santos takes aim at ‘cause lawyering’ in Barossa fight
The resources giant is going for the jugular in its fight with the Environmental Defenders Office over the NT gas pipeline.
- Michael Pelly
