FTI CONSULTING is a business advisory firm headquartered in
Washington, DC. The company specializes in the fields of corporate
finance and restructuring, economic consulting, forensic and
litigation consulting, strategic communications and technology.
Founded as Forensic Technologies International Ltd in 1982, FTI
Consulting employs more than 4,600 staff in 28 countries.
The firm was involved in the Lehman Brothers and General Motors
bankruptcies , the investigation into the
Bernard Madoff fraud, Bush
v. Gore , and the
Major League Baseball
Major League Baseball steroid investigation . As
of September 2011,
FTI Consulting had the largest restructuring
business in the U.S. In 2009,
FTI Consulting was listed by Fortune as
one of the 100 fastest growing U.S. companies.
* 1 History and Acquisitions
* 2 Services
* 3 Partnerships
* 4 References
* 5 External links
HISTORY AND ACQUISITIONS
Forensic Technologies International was founded in 1982 by two
engineers, Joseph Reynolds and Daniel Luczak, to provide expert
witnesses for litigation and provide visual presentations to
demonstrate complex technical issues for juries. Luczak later served
as FTI's chairman from 1992 to 1998. The company went public in May
1996, raising $11.1 million and debuting at $8.50 a share. It was one
of the first litigation support companies to be publicly traded.
Forensic Technologies International rebranded itself as FTI
Consulting in 1998, and in 1999 began trading on the New York Stock
Exchange as FCN. After 1998, FTI's business focused increasingly on
"financial surgery on troubled companies, either through bankruptcy
proceedings or in workout situations with creditors."
The company added over 1,000 employees to its Forensic and Litigation
Consulting ("FLC") division since the passing of the 2002
Sarbanes-Oxley Act , which excluded auditors from providing consulting
work to their public clients.
FTI Consulting purchased
PricewaterhouseCoopers ' U.S. Business Recovery Services Division
("BRS") for $250 million in 2002, which at the time was the largest
provider of bankruptcy, turnaround and business restructuring services
in the United States. The company purchased
KPMG 's Dispute Advisory
Services in 2003. The company purchased Chicago-based Compass Lexecon
in 2003, maintaining the name as a subsidiary.
FTI acquired Ringtail Solutions Group in 2005. Ringtail's signature
product, the Ringtail Discovery Software Suite, provides e-discovery
and document management tools to assist corporations and law firms
during litigation engagements. FTI acquired Attenex Corporation in
2008 and merged Attenex Patterns with Ringtail Discovery Software
Suite to form Ringtail 8
In 2006 the company acquired the London-based communications
consultancy Financial Dynamics ("FD"). FD is now referred to as the
Strategic Communications Division of FTI. In 2007, FTI expanded into
Latin America and reported $1 billion USD in annual revenue for the
In 2008, FTI purchased the Schonbraun McCann Group, a real estate
consulting firm based in New York, and Forensic Accounting, a forensic
accounting practice based in the UK. In 2010, FS Asia Advisory
Limited was acquired in
Hong Kong , expanding FTI's activities in
Asia. In January 2014,
FTI Consulting acquired London-based TLG
Partners , which produced a series of annual thought leader indexes.
In the same month, Steven H. Gunby was named the firm's new president
and chief executive officer .
In 2015, The Deal named
FTI Consulting the world's top restructuring
adviser to distressed companies. In 2016, the company led the list of
the International Who’s Who of Commercial Arbitration for the sixth
FTI Consulting is organized into five business segments. The first,
Corporate Finance and Restructuring, provides business turnaround
services, including support for restructuring, litigation, insolvency,
and interim management. The second, Economic Consulting, provides
economic analysis and expert testimony for law firms, corporations and
government agencies. The third, Forensic and Litigation Consulting,
provides investigative data analysis and forensic accounting services
for businesses and healthcare systems. The fourth, Strategic
Communications, offers public relations services for "clients managing
financial, regulatory and reputational challenges." The fifth,
Technology, provides specialized software to manage the risks involved
in e-discovery .
FTI's employees include specialists in banking, forensic accounting,
real estate intellectual property , crisis communication , and
construction as well as two winners of the Nobel Memorial Prize in
Economic Sciences .
FTI Consulting has established partnerships with companies and
organizations in several fields. It is a member of the World Economic
Forum . Some of the company's senior and regional leaders participate
in the Forum's meetings, participating in several projects related to
anti-corruption, energy and professional services principles.
* ^ A B FTI Consulting: Global Reach
* ^ "Lehman Creditors Panel Hires FTI Consulting, Houlihan Lokey"
Bloomberg News 18 September 2008.
FTI Consulting chairman: West Palm Beach is good for business
South Florida Business Journal 27 Jan. 2012.
* ^ "Lawyers make millions off Madoff mess" CNNMoney 16 Feb. 2011
* ^ A B C "It\'s a Grand Time to Be a Workout Artist". Washington
Post. Retrieved 2016-05-21.
* ^ Inc, Kiplinger Washington Editors (2008-06-01). Kiplinger\'s
Personal Finance. Kiplinger Washington Editors, Inc. CS1 maint: Extra
text: authors list (link )
* ^ "FTI Raises Profile." Washington Post 31 Jul. 2011; "Baltimore
consulting firm ready to put 25 companies under one name." The
Washington Post 31 July 2011.
* ^ "100 Fastest-Growing Companies 2009
FTI Consulting - FCN - from
FORTUNE." CNNMoney June 2012.
* ^ "A CASE FOR COURTROOM PRESENTATIONS". Washington Post.
* ^ "FTI Consulting, Inc. - Company Profile, Information, Business
Description, History, Background Information on FTI Consulting, Inc.".
www.referenceforbusiness.com. Retrieved 2016-05-21.
* ^ A B "Company History Business Growth
FTI Consulting EMEA".
www.fticonsulting-emea.com. Retrieved 2016-05-21.
* ^ "
FTI Consulting raises profile". Washington Post. Retrieved
FTI Consulting To Acquire U.S. Business Recovery Services
Division ("BRS) Of
FTI Consulting Completes Acquisition of KPMG's Dispute Advisory
* ^ "Lexecon To Be Acquired by FTI Consulting". Compass Lexecon.
September 25, 2003.
* ^ FTI to pay $35M for Ringtail
* ^ FTI Consulting, Inc. To Acquire Attenex Corporation
* ^ "FTI to Launch Ringtail 8
E-discovery Software". FTI
Technology. Retrieved 2016-05-23.
* ^ "
FTI Consulting to Acquire Financial Dynamics". PR Newswire.
September 11, 2006.
* ^ Plunkett, Jack W. (2008-03-01). Plunkett\'s Companion to the
Almanac of American Employers 2008: Mid-Size Firms. Plunkett Research,
Ltd. ISBN 9781593921071 .
* ^ "
FTI Consulting Inc. (FCN): New Analyst Report from Zacks
Equity Research - Zacks Equity Research Report". NASDAQ.com.
2013-12-02. Retrieved 2016-05-20.
* ^ "
FTI Consulting (FCN) Completes Acquisition of FS Asia Advisory
Limited". StreetInsider.com. Retrieved 2016-05-20.
* ^ Farey, Daniel (2013-11-08). "
FTI Consulting in advanced talks
with TLG Partners". PR Week. Retrieved 2014-01-24.
* ^ Farey, Daniel (2014-01-15). "
FTI Consulting finalises
acquisition of TLG". PR Week. Retrieved 2014-01-24.
* ^ "TLG". Tlgpartners.com. Retrieved 2014-01-24.
* ^ Ember, Sydney. "
FTI Consulting Names New C.F.O.". DealBook.
* ^ Inc., TheStreet,. "The Deal Announces Q4 2015 Out-of-Court
Restructuring League Tables". www.prnewswire.com. Retrieved
* ^ Inc., FTI Consulting,. "
FTI Consulting Professionals Recognized
as Leading Expert Witnesses". GlobeNewswire News Room. Retrieved
* ^ "Consulting Services
FTI Consulting Service Areas".
www.fticonsulting.com. Retrieved 2016-05-23.
* ^ "Who We Are Professionals Leaders Economists FTI
Consulting". www.fticonsulting.com. Retrieved 2016-05-23.
World Economic Forum
World Economic Forum website 1 May 2012
* ^ "Larger Asia Companies Look To Europe" Financial Times 22