Deloitte ranked #1 by Kennedy in global forensics and dispute advisory services
Deloitte also named a Vanguard leader in both forensic and investigative services and dispute advisory and analysis services based on capabilities.
Almaty, 19 August 2013. Deloitte also named a Vanguard leader in both forensic and investigative services and dispute advisory and analysis services based on capabilities.
Deloitte Touche Tohmatsu Limited (DTTL) announced that Deloitte was ranked number one globally based on revenue in the forensics and dispute advisory (F&DA) services sector. In addition, Deloitte was named a Vanguard leader in both forensic and investigative services and dispute advisory and analysis services for its depth and breadth of capabilities, in the Kennedy Forensics and Dispute Advisory Services report, 2013.
It is the second report Kennedy has issued, the first was issued in July 2010 which also ranked Deloitte number one in the F&DA space based on revenue. The report provides a detailed examination of client needs and drivers of F&DA spending and evaluates the strengths and limitations of a diverse set of service providers competing across the two sub-segments of the F&DA market: forensic investigation and dispute advisory and analysis.
"We are very proud that Kennedy has acknowledged Deloitte Forensic as number one in F&DA services for the second consecutive time," said Tim Phillipps, DTTL Global Leader, Deloitte Forensic. "Deloitte's clients operate in a global marketplace fraught with complex regulatory frameworks and business environments that create many crisis and challenges around fraud, corruption and financial crime. Deloitte has built a global network that harnesses Deloitte's deep industry and technical skill with advanced analytical technology to help clients meet those challenges."
Ian Colebourne, Managing Partner, Financial Advisory Services, Deloitte CIS added: “We are proud to be part of the leading global Forensic practice, a ranking which we believe mirrors our own competitive position in Russia and the CIS. Our clients across the region continue to face the full range of challenges to which Tim refers. They turn to us because they know we have a practice with the breadth and depth of experience in the region to advise and support them in resolving those issues effectively; whether locally, or internationally.”
Deloitte's F&DA practices were recognized for "an outstanding reputation with inside and outside counsel and strong credibility with regulatory authorities. It is one of only three practices that excel in both sub segments of F&DA."1
The 2013 report also praised Deloitte for strength across capabilities in both forensic investigation and dispute advisory and analysis and found it was most often identified as "world-class" by clients. It also highlighted the F&DA practices of Deloitte for using novel and sophisticated analytical and technology-driven approaches – particularly sampling and predictive techniques – to address client F&DA challenges.
Key findings from the Kennedy Report2:
- In 2012 Deloitte held an 11 percent market share of F&DA services; 3 percent above the next leading organization.
- In 2012 Deloitte's F&DA services experienced a 9 percent growth.
- Overall for global F&DA services, clients in the financial services sector spent the most (28 percent), followed by Energy & Natural Resources (14 percent) and Healthcare (14 percent).
- By region, North American clients spent almost half of the overall spending for the sector at 49 percent followed by EMEA (39 percent), Asia Pacific (10 percent), and Latin America (2 percent).
1Kennedy Consulting Research & Advisory; Forensics & Dispute Advisory; Kennedy Consulting Research & Advisory estimates © 2013 Kennedy Information, LLC. Reproduced under license
2Kennedy Consulting Research & Advisory; Forensics & Dispute Advisory; Kennedy Consulting Research & Advisory estimates © 2013 Kennedy Information, LLC. Reproduced under license
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