Management consulting firms.Ranked by the number of management consultants in L.A. County EXECUTIVE SUMMARY This year's list of management consulting firms List of Management Consulting Firms 1. McKinsey & Company 2. Marakon Associates 3. Boston Consulting Group (BCG) 4. A.T. Kearney 5. Booz Allen Hamilton (BAH) 6. Monitor Group 7. Bain & Company 8. Roland Berger features a new No. 1: IBM Global Services IBM Global Services is the world's largest business and technology services provider. It is the fastest growing part of IBM, with over 190,000 professionals serving customers in more than 160 countries. , which moved up from its No. 3 ranking last year. It changed its standing in the L.A. market by increasing its local full-time consulting staff con·sult·ing staff n. The body of specialists affiliated with a hospital who serve in an advisory capacity to the attending staff. to 1,267. Mergers have affected the consulting industry worldwide and in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. . The merger of Price Waterhouse and Coopers & Lybrand produced this year's No. 4-ranked firm, PriceWaterhouseCoopers LLP LLP - Lower Layer Protocol , which employs 880 consultants locally. In February 1998, KPMG KPMG Klynveld Peat Marwick Goerdeler (accounting firm) KPMG Kaiser Permanente Medical Group KPMG Keiner Prüft Mehr Genau (German) KPMG Kommen Prüfen Meckern Gehen LLP and Ernst & Young called off their planned merger, primarily because they did not believe the deal would receive regulatory approval. Only two of the top 25 firms did not increase their staff in L.A. County over the past year. Information technology is the fastest growing area of consulting, supplanting more traditional areas. According to a new report by the Kennedy Information Research Group, global management consulting revenues, paced by information technology work, will exceed $114 billion by the year 2000. [TABULAR DATA OMITTED] THE PACESETTER IBM GLOBAL SERVICES IBM Global Services vaulted to the top of the management consulting firms list this year after increasing the number of management consultants in its L.A. County offices by 58 percent. The consulting division of the New York-based firm employs 1,267 consultants, up from 800 last year. Marketplace Executive Jeffery Brooks said increased business in all the firm's consulting areas accounted for the growth. Brooks said the three biggest sources of growth were middle-market clients, E-business services and Y2K-compliance consulting. "We've seen a good amount of growth in the small to mid-sized companies as well. IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) has also started to focus on these kinds of companies" Brooks said. Gary Hehnig, principal of SoundView Technology Group, attributed IBM's local growth to an increasing number of outsourcing deals. Many companies are selling their information technology divisions and contracting with IBM to run their IT operations. In order to keep up with the booming market, IBM will add 18,000 new employees to its worldwide global services sector. For each of the past two years in a row, IBM has added 15,000 employees worldwide. "Their services business continues to perform flawlessly" Helmig said. Still, there may be trouble on the horizon. With much of IBM's growth focused on Y2K See Y2K problem and Y2K compliant. Y2K - Year 2000 consulting, David Takata, an analyst at Gruntal & Co., cautions that the company's stock performance might slow when that work dries up after the new year. |
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