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FTI Consulting, Inc. (NYSE: FCN) is a leading global business advisory firm committed to helping organizations manage change, mitigate risk, and resolve disputes. Headquartered in Washington, D.C., FTI Consulting operates with more than 8,000 professionals in 31 countries, delivering expert services across various domains.
The firm segments its operations into five critical areas:
- Corporate Finance and Restructuring: Specializes in business transformation, strategy, and restructuring services, providing solutions for optimal financial performance.
- Forensic and Litigation Consulting: Offers expertise in investigations, dispute resolution, and forensic accounting to support clients facing legal complexities.
- Economic Consulting: Delivers strategic consulting on economic issues, antitrust matters, and financial economics, aiding clients in navigating complex regulatory environments.
- Technology: Focuses on M&A-related services, litigation support, and leveraging digital tools to streamline business processes and enhance decision-making.
- Strategic Communications: Provides services in public affairs, corporate reputation management, and communication strategies to mitigate risks and strengthen client relations.
FTI Consulting serves a diverse clientele, including sectors like construction, energy, environmental, healthcare, insurance, real estate, retail, telecom, media, and technology. The majority of its revenue is generated within the United States, with the Corporate Finance segment being the largest contributor.
In recent developments, FTI Consulting has expanded its global aviation offering with the appointment of Frank Martin, enhancing their capability to navigate aviation sector challenges. The firm also focuses on digital transformation, highlighted by the appointment of Shubho Ghosh to bolster their Business Transformation practice, aiding clients in developing and implementing digital strategies for revenue growth and operational efficiency.
Financially, FTI Consulting reported a revenue increase to $3.49 billion for the year 2023, reflecting a 15.2% rise from the previous year, attributed to higher demand across all segments. The firm maintains a robust financial position with net income of $274.9 million and a steady cash flow, underpinned by strategic investments in talent and digital transformation initiatives.
FTI Consulting's commitment to delivering value extends to its private equity services, led by Jiva J. Jagtap, focusing on value creation and post-transaction strategies. The firm is also proactive in cybersecurity, addressing communication gaps between CISOs and the C-suite to enhance organizational resilience against evolving cyber threats.
For more information, visit www.fticonsulting.com or contact their investor relations team.
FTI Consulting (NYSE: FCN) announced that 31 of its professionals were recognized in the Who’s Who Legal: Investigations 2022 list. This includes 21 experts in the Forensic Accountants category and 10 in Digital Forensic Experts. Five professionals were named Future Leaders, highlighting emerging talent in the field. FTI Consulting continues to receive accolades for its forensic accounting and investigations expertise, having been honored as Consulting Firm of the Year in 2021 in multiple categories.
FTI Consulting (NYSE: FCN) will announce its first-quarter financial results for the period ending March 31, 2022, before the market opens on April 28, 2022. A conference call discussing these results will take place on the same day at 9:00 a.m. Eastern Time, hosted by senior management. Investors can access the call live through the company’s investor relations website, with a replay available for 90 days. In 2021, FTI Consulting generated $2.78 billion in revenues, demonstrating its significant role in business advisory services globally.
FTI Consulting (NYSE: FCN) announced the induction of David Rush, Senior Managing Director, into the American College of Bankruptcy’s 33rd Class of Fellows. This recognition highlights Rush's 20+ years of expertise in bankruptcy and corporate restructuring, emphasizing FTI Consulting's leadership in this field. The college honors professionals committed to enhancing bankruptcy practices, and Rush joins other distinguished FTI Consulting professionals as a Fellow. The firm continues to provide critical advisory services in financial and operational challenges.
FTI Consulting (NYSE: FCN) announced an expansion of its partnership with Relativity to enhance cloud-based e-discovery solutions in Singapore. This move addresses growing challenges faced by legal teams due to increasing corporate risks and complex data landscapes. The expansion aims to provide clients with custom workflows and advanced analytics to streamline investigations. With a global reach, FTI Technology aims to deliver impactful solutions across multiple jurisdictions, reinforcing its commitment to optimizing e-discovery processes and addressing clients’ technological integration goals.
FTI Consulting (NYSE: FCN) has appointed Nicole S. Jones and Stephen C. Robinson as independent directors, effective March 22, 2022. This decision expands the Board from eight to ten members. Ms. Jones brings extensive legal experience as the General Counsel of Cigna, while Mr. Robinson, a former federal judge and partner at Skadden, has over 35 years in litigation and compliance. Their appointments aim to bolster the Board's expertise in regulatory and strategic initiatives for the company's growth.
FTI Consulting (NYSE: FCN) has appointed Rudy Dimmling as Senior Managing Director in its Global Insurance Services practice. Dimmling, previously Chief Strategy Officer at Cardinal Innovations Healthcare, brings extensive experience in the insurance sector. His role will focus on driving business transformation and performance improvements for clients. The firm, generating $2.78 billion in revenue for fiscal year 2021, continues its commitment to manage change and mitigate risks across various sectors. This strategic appointment underscores FTI's aim to enhance client services in a complex insurance landscape.
FTI Consulting (NYSE: FCN) announced the appointment of Meredith Brown and Wafik Guirgis as Senior Managing Directors in its Technology segment to lead the Corporate Legal Operations practice. The firm aims to enhance its legal operations offerings, driven by the increasing demand for efficiency and transparency in legal departments. Brown brings expertise in digital transformation, while Guirgis has a rich background in legal operations. FTI Technology's integrated services aim to support clients in modernizing their legal functions.
On March 15, 2022, FTI Consulting (NYSE: FCN) appointed Tom Becker as a Senior Managing Director in its Crisis and Litigation Communications practice. Based in New York, Becker brings over 15 years of experience from Sitrick and Company, advising on significant cases including a major defamation trial and a large Ponzi scheme. He aims to enhance FTI's ability to assist clients in managing complex crises. Becker's background includes a decade as a journalist covering corporate litigation. FTI generated $2.78 billion in revenue in FY 2021.
FTI Consulting (NYSE: FCN) announced the appointment of Dr. Randal Heeb as Senior Managing Director in its Economic Consulting segment. Based in Washington, D.C., Dr. Heeb brings 35 years of experience in economic analysis across various sectors, including antitrust and intellectual property disputes. He will lead the Litigation and Dispute Resolution practice, enhancing FTI's capabilities. Previously, Dr. Heeb led the Intellectual Property practice at Bates White Economic Consulting and has extensive experience testifying in both U.S. and international courts.
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