FTI Consulting, Inc. - FCN STOCK NEWS

FTI Consulting announces the appointment of Bryan Zumwalt as Senior Managing Director and Head of Government Affairs. Zumwalt, with extensive experience on Capitol Hill and in trade associations, will guide clients through complex regulatory landscapes. He joins from the Consumer Brands Association and previously worked at the American Chemistry Council. His leadership aims to strengthen FTI’s ability to assist clients managing legislative risks. Zumwalt's background includes significant advocacy campaign successes and legal expertise.

According to FTI Consulting's Resilience Barometer COVID-19 Report, over 75% of companies need to change their business models due to the pandemic. The survey of over 2,000 large firms in G-20 nations reveals that 90% emphasize planning for unknown risks, with 60% facing challenges in debt servicing. Companies report an average revenue decline of 10% and headcount drop of 12%. 78% of respondents believe reevaluating their business models is essential, with 30% needing restructuring or refinancing as a result of COVID-19’s impacts.

FTI Consulting (NYSE: FCN) appointed Nick Adams as Senior Managing Director and Johnny Chao as Associate Director in its Construction Solutions practice in Hong Kong. Both bring substantial experience from Aspect Asia, enhancing the firm’s construction expertise. Adams, with over 35 years in the field, specializes in contractual claims and expert advice, while Chao has over 30 years of experience in major projects across several countries. Their appointments come at a time of increasing demand for construction solutions, strengthening FTI's competitive position in the Asia Pacific region.

FTI Consulting has expanded its partnership with Relativity to introduce RelativityOne in Canada, enhancing its cloud-based e-discovery offerings. This strategic move comes in response to the growing demands for e-discovery solutions amidst increasing regulatory scrutiny, particularly from the Canadian Competition Bureau. Experts anticipate a rise in the volume, cost, and complexity of e-discovery related to merger investigations. The expansion aims to equip clients with advanced analytics and a secure platform to handle complex legal challenges.

Compass Lexecon, a subsidiary of FTI Consulting (NYSE: FCN), has opened a new office in Milan, Italy, strengthening its presence in Europe. With a team of 280 professionals across EMEA, including 29 economists in Italy, Compass Lexecon has extensive experience in competition policy and regulatory matters. The Milan office aims to provide dedicated support to Italian law firms and corporations, leveraging the firm's regional expertise. The team will be led by Lorenzo Coppi and Martina Caldana, supported by academic affiliates from Bocconi and Bergamo University.

FTI Consulting and Real Estate Fund Intelligence released a study on the effects of COVID-19 on commercial real estate investment trends. Results indicate a mixed recovery outlook, with 75% predicting a quick V-shaped recovery for the industrial sector, while urban office assets are expected to follow a U-shaped recovery pattern (49%). The retail and hospitality sectors anticipate slower rebounds, with 70% foreseeing an L-shaped recovery for shopping malls. In 2021, 44% of institutional investors expect higher transaction volumes, driven by potential vaccines and market volatility.

FTI Consulting (NYSE: FCN) has been recognized for the 11th consecutive year at the top of the Who’s Who Legal Arbitration 2021: Expert Witnesses list. The prestigious ranking includes 61 expert witnesses from FTI's Economic Consulting and Forensic and Litigation Consulting segments. They notably had three times as many experts as the next closest firm. Additionally, several professionals were recognized as Global Elite Thought Leaders, highlighting their significant contributions to arbitration.

FTI Consulting announced the appointment of Dave Katz as a Senior Managing Director in the Corporate Finance & Restructuring segment, enhancing its Senior Lender Advisory practice. Katz, based in Houston, brings over 20 years of experience in complex restructurings and transactions, particularly in the energy sector. His expertise includes restructuring, performance improvement, and capital markets execution. Katz previously served as Managing Director at JPMorgan Chase, focusing on North American risk coverage across various industries.

FTI Consulting and the IAPP have released their Privacy Governance Report for 2020, surveying over 450 privacy professionals. The report highlights increased importance of privacy due to COVID-19, with 40% of respondents emphasizing its significance. Privacy budgets rose by 8% to a mean of $2 million for large companies, while compliance with data privacy laws remains a top concern. However, hiring freezes are prevalent, with 71% of organizations expecting no change in privacy staffing. The report indicates ongoing challenges from legislative changes, including GDPR and CCPA compliance.