BrazilAlvarez & Marsal sees European headcount hit 1,000
US-headquartered global consulting firm Alvarez & Marsal (A&M) has enjoyed strong growth in Europe in recent years, and as a result the firm has this month hit a headcount of 1,000 across the continent.
Alvarez & Marsal first landed in Europe in 2001, nearly two decades after being founded in New York by Tony Alvarez II and Bryan Marsal. Since then, Alvarez & Marsal has steadily grown its European footprint, but in the past two years the management consultancy has accelerated.
According to Antonio Alvarez III, Managing Director and A&M’s European Practice Leader, the firm's European headcount has spiked “by over 50% in the last two years.” This growth was realised through a combination of organic growth of existing offices, and expansion into new markets and geographies.
In the last 24 months, Alvarez & Marsal launched new presences in Zurich (Switzerland) and Stockholm (Sweden), and added three new offices (Birmingham, Leeds and Manchester) to its UK operation – the firm's largest in Europe. A&M now has a total of 19 offices across 14 countries in Europe.
Meanwhile, Alvarez & Marsal expanded its headcount in major markets such as Germany, France, the Benelux, Italy and Spain, but also in Greece and Poland. France in particular has been as success story: its team in Paris nearly tripled in the past 1.5 years to its current size of 85 consultants and staff.
“We are very proud of our growth and surpassing 1,000 employees in Europe,” said Antonio Alvarez III. “This speaks to the positive results being achieved by our clients and how they look to A&M for our leadership approach and innovative solutions.”
The firm's growth comes at a favourable time for consultants in Europe. The consulting markets of powerhouses Germany, France and the UK have all grown by 7% or more last year, and are touted for further growth in 2020. Buoyed by rapid technology-driven disruption, economic uncertainty and tighter regulatory requirements, clients are turning to consultants for their most pressing challenges.
As one of the world’s leading professional services firms (4,000 people across four continents), A&M is well positioned to cater to such needs. The firm specialises in management consulting and financial advisory services, with its offering including merger & acquisition, debt restructuring, insolvency, forensics & litigation, business transformation, performance improvement and change management services.
Antonio Alvarez III said that A&M differentiates itself from its peers through its independent approach (compared to the Big Four), deep expertise and ability to deliver pragmatic solutions and rapid results.
Looking to the future, the consulting firm is putting into place plans which will maintain its current momentum. According to a release from the firm, there are already expansion plans for four new offices to be opened in 2020, along with an active recruitment plan across all service areas.
Read more about A&M's European expansion in the firm's company profile for Europe and the UK.
