Ernst & Young tops Kennedy's list for the highest growth rate in consulting and advisory networks in North America, Latin America, Europe, Middle East and Africa
Firm also earned number one ranking in Latin America market for consulting and advisory
NEW YORK, March 19, 2013 /PRNewswire/ -- Ernst & Young announced today that Kennedy Consulting Research & Advisory reported that the Ernst & Young network had the highest growth rate in consulting and advisory in North America, Latin America, Europe, the Middle East and Africa (based on calendar year 2011 revenues), in Kennedy's "Geographic Consulting Index 2012."
"Kennedy's rankings help document that Ernst & Young's integrated, multinational approach to serving clients is critical for giving companies 360-degree service, no matter their business model. We have strong local Advisory teams with deep knowledge of cultural, tax, legal, technology and business issues," said Norman Lonergan, Global Vice Chair – Advisory, for the Ernst & Young organization. "With 25,000 full-time professionals in 142 countries, Ernst & Young member firm Advisory practices have a truly global footprint. This is critical for both Ernst & Young and clients in the Americas for accessing opportunities in emerging and developing markets. "
In addition to being ranked number one overall for growth, the Ernst & Young network was ranked the number one consulting and advisory in Latin America and had the highest growth rate of five leading providers (based on calendar year 2011 revenues). In addition, the Ernst & Young organization is ranked the number two in consulting and advisory services in Asia Pacific (based on calendar year 2011 revenues).
"We believe our rankings may also reflect the drive Ernst & Young is making in emerging markets to better serve clients across the globe," said Bob Patton, Vice Chair, Americas Advisory Services, for the Ernst & Young organization. "Our global strategy is about having the best talent in the locations where clients need to do business and linking those teams to their colleagues around the world. For example, in Brazil, now the sixth-largest economy in the world, Ernst & Young Terco has some 1,200 Advisory professionals and revenues grew 38% in FY2012."
In December of 2012, Ernst & Young announced that Axia Value Chain, a leading management consulting firm, had joined Ernst & Young Terco. The deal resulted in the integration of several consulting services, focused on the transformation and protection of business, encompassing business strategy, market and risk management, supply chain, financial and fiscal advisory, human and organizational development, sustainability, innovation and product development, and information technology for decision-making.
"Ernst & Young's long-term investments in Consulting and Advisory services are clearly paying off, not only in the US, but also in emerging markets," said Erick Burchfield, managing director of research for Kennedy Consulting Research & Advisory. "What is perhaps most remarkable is that the network's global consulting growth has been almost entirely organic – an indication that it has grown its talent base in the face of a fiercely competitive environment for skilled consultants."
About Ernst & Young
Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 167,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve their potential.
Ernst & Young refers to the global organization of member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.
For more information, please visit www.ey.com
This news release has been issued by Ernst & Young LLP, a US client-serving member firm of Ernst & Young Global Limited.
*Source: Kennedy Research & Advisory "Geographic Consulting Index 2012" ©Kennedy Information, LLC Reproduced under license.
SOURCE Ernst & Young
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