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 * Restructuring experts gear up as inflation drives insolvencies
 * UK public sector projects under pressure to do more for less
 * Demand and dilemmas grow for sustainability consultants
 * Consultancy alumni networks focus on mutual benefits
 * Flexibility is a deal-breaker for consultancies to hire and keep staff

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Show articles
 * Currently reading:
   UK’s Leading Management Consultants 2023: the ratings
 * Warning signs ahead as UK consultancy growth slows
 * Restructuring experts gear up as inflation drives insolvencies
 * UK public sector projects under pressure to do more for less
 * Demand and dilemmas grow for sustainability consultants
 * Consultancy alumni networks focus on mutual benefits
 * Flexibility is a deal-breaker for consultancies to hire and keep staff

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UK’S LEADING MANAGEMENT CONSULTANTS 2023: THE RATINGS

Consultancies recommended by clients and peers, rated by sectors and services

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This is the sixth annual listing of the UK management consulting firms most
recommended by their clients and peers. Compiled by the Financial Times and
Statista, the data company, it rates consultants in 15 sectors and for 14 types
of specialist work. Consulting networks were rated as well, for the second year.

The results are based on three surveys of consultants’ clients and peers,
carried out by Statista, with gold, silver or bronze ratings awarded to firms
and networks in different categories according to how often they are
recommended.

This year, 185 consultancies are included, receiving a total of 745 ratings
across 29 different industries and consulting services.



The methodology (after the tables) explains how the ratings are worked out.


SECTOR EXPERTISE

Sectors listed: aerospace & defence; automotive; chemicals & pharmaceuticals;
construction & infrastructure; consumer goods & retail; energy, utilities &
environment; financial institutions & services; healthcare & life sciences;
insurance; internet, media & entertainment; IT, technology & communications; oil
& gas; other industries & metals; public & social sector; travel, transportation
& logistics




CONSULTING SERVICES

Categories listed: data analytics & big data; digital transformation; finance,
risk & compliance; innovation, growth & new business models; IT -
implementation; IT - strategy; marketing, brand & pricing; mergers &
acquisitions; operations & supply chain; organisation & change; people &
performance; sales & CRM; strategy; sustainability




CONSULTING NETWORKS




METHODOLOGY AND NOTES

Market definition
Mainstream management consulting firms, IT consultancies, advisory branches of
auditing firms, the consultancy branches of technology companies, and consulting
networks were eligible.

Methodology
The list is based on three surveys; one among peers (partners and executives
from consultancies evaluated other consultancies) and two among clients (on
consultancies they have worked with). Both surveys were conducted online by
Statista.

Peer survey
Building on last year’s methodology, a longlist of more than 1,700 firms was
used as a basis for the latest survey among peers. To update the longlist,
Statista used recommendations from previous years and these sources: lists from
associations (eg Management Consultancies Association); consulting directories
(eg Consultingcase101); and company databases. The list of consulting partners
and executives was compiled using research conducted mainly on firms’ websites.
It was also possible to register for the survey on ft.com. The sample included
more than 4,000 partners and executives of UK firms.


MORE STORIES FROM THIS REPORT

Slower growth on the horizon for consultants in 2023

Restructuring experts gear up as inflation drives insolvencies

Public sector projects under pressure to deliver more for less

Demand and dilemmas grow for sustainability specialists

Alumni networks focus on mutual benefits

Flexibility is a deal-breaker in competition for top staff

Invitations to the survey were sent via an email containing a personalised link.
The field research period ran from June 20 to August 16 2022. Partners and
executives could make recommendations in 15 sectors and for 14 consulting
services, and could recommend consulting networks. Respondents were also able to
name consultancies or networks they would refrain from recommending.



An autocomplete function was available to assist in selecting a consultancy or
network and respondents could recommend any consultancy that did not appear in
the autocomplete list, or add a negative evaluation. A score was given to each
firm based on the number of positive and negative recommendations they received.
Self-recommendations were excluded.

Client survey
An online survey was then conducted among about 1,500 senior executives who have
used management consultancies in the past four years. They either registered
themselves for the survey on ft.com between June 20 and August 16 2022, or were
recruited through an online access panel from September 6-25 2022.

Respondents were asked to indicate the sectors or consulting services in which
they had collaborated with a management consultancy in the past four years. They
were asked to recommend firms by using autofill or adding names. For each sector
or consulting service they specified, the respondents were given a list of
recommended consultancies for evaluation. The quality of the firms and networks
was scored using a five-point scale (very good to very poor). The evaluations
“very good”, “good” and “acceptable” counted as recommendations (“very good”
counted as one recommendation, “good” and “acceptable” carried a lower weight).
The evaluations “poor” and “very poor” counted against consultancies and
networks. Reputation is typically built over several years and this list aims to
reflect that longevity. Therefore, last year’s results were taken into account,
attributed a low weighting.

Recommendations
In each sector and consulting service, firms were sorted according to the number
of recommendations (taking into account a reduction for negative evaluations).

The groups were placed in the classes below, based on the average number of
recommendations in that sector or service:

• Consultancies and networks that received well above the average number of
recommendations were sorted into the gold class, “very frequently recommended”.
The number of recommendations was at least two times larger than the average for
each sector or consulting service.



• Consultancies and networks that received fewer recommendations, but were still
above average, were sorted into the silver class, “frequently recommended”. The
number of recommendations was less than double, but more than the average for
each sector or consulting service.

• Consultancies and networks that still received a significant number of
recommendations from peers and clients were sorted into the bronze class,
“recommended”, within their industry or sector.

• Consultancies and networks with insufficient recommendations were excluded.
Consultancies are sorted alphabetically in each class.

Disclaimer
The ranking comprises firms with a sufficient number of recommendations; a
mention is positive and is a vote of confidence from the market. The ranking was
created through a complex process. The quality of consultancies not included is
not disputed.







Copyright The Financial Times Limited 2023. All rights reserved.
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 * Currently reading:
   UK’s Leading Management Consultants 2023: the ratings
 * Warning signs ahead as UK consultancy growth slows
 * Restructuring experts gear up as inflation drives insolvencies
 * UK public sector projects under pressure to do more for less
 * Demand and dilemmas grow for sustainability consultants
 * Consultancy alumni networks focus on mutual benefits
 * Flexibility is a deal-breaker for consultancies to hire and keep staff




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