RSM launches new office in Cambridge, 35th in the UK

04 December 2018 Consultancy.uk

RSM has opened a new Cambridge office in order to strengthen their presence in the East Anglian market share. Cambridge boasts both a rapid growth rate and heightened levels of innovation which professional services firms are keen to tap into amid an uncertain economic future in the UK.

In 2017, RSM saw revenues increase by 9% to £319 million. The world’s sixth largest audit and advisory firm further supplemented its organic growth with the acquisition of Explore Consulting, boosting its NetSuite capabilities in the process. Kicking on from this, earlier in 2018, RSM saw its global revenues pass the £3.7 billion mark, while seeing all its service lines grow.

In order to maintain its year of solid growth into 2019, while boosting its ability to meet demand in another UK region, RSM has launched a new office in Cambridge. The mid-market professional services now has 35 offices across the UK – 31 in England, 3 in Scotland and 1 in Northern Ireland.

The new space is located in City House, on Hills Road, in the heart of Cambridge’s business community, as well as becoming a hub for the firm’s other service lines to expand their presence both in Cambridge and the surrounding areas. Laragh Jeanroy will be taking on the role of Managing Partner in Cambridge, drawing on over 20 years of experience.

RSM UK launches new office in Cambridge

Laragh Jeanroy said, “Geographically, the Cambridgeshire market forms an important part of our wider regional strategic growth plan. Having that physical presence in Cambridge will act as an enabler to grow, and to provide an on-site capability to clients based in and around Cambridge.”

Cambridge is also the leading innovation hub of the UK, making it attractive fare for consulting firms looking to tap into the lucrative market for tech start-ups. During 2017, recent research revealed that in Cambridge, 316 patents were published per 100,000 residents, three times as many as its nearest equivalent of Coventry. Cambridge has a proud history of entrepreneurship, and the impressive haul of patents from 2017 builds on the city’s long history of invention, with Cambridge famed for being the birthplace of a cornucopia of innovations from the reflecting telescope to IVF, hovercrafts, iris recognition, as well as the cat-flap.

Mark Taylor, RSM’s Central UK regional Managing Partner, said, “Cambridge has one of the fastest growth rates of any British city, and it is hugely important globally as a centre of technology and research excellence… The growth of our team in East Anglia is a key element of our wider business strategy… From our new office in Cambridge, we hope to deepen our relationships with the local business community – particularly fast-growing middle market businesses – drawing on advisory expertise from across our regional, national, and international network.”

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US consulting firm Slalom opens Manchester office

25 April 2019 Consultancy.uk

American tech consultancy Slalom has announced plans to open a Manchester office in which it will employ 200 staff by 2025. The firm opened a London office in 2014, and also recently launched its operations in Canada.

Slalom Consulting is one of the largest management and technology consultancies in North America, with some 4,000 consultants, and revenues of more than $550 million. Founded in Seattle in 2001, the advisory firm spent its initial 13 years of business focusing on domestic expansion. While many fast-growing firms in Europe seek to expand across borders to open up new markets, Slalom’s positioning in the world’s largest and most mature consulting market meant that by the start of 2014, the firm had grown its revenues to around $480 million with offices solely in the US.

At that point, however, the firm decided the time was finally right to go global, and in the Summer of 2014 the consultancy opened an office in London. Run by Alex Qatsha – formerly a consultant at Unisys, Accenture and Deloitte – the London operation has since enjoyed a growing track record across the UK and European clients and industries. Through its London office, Slalom has established a reputation in the UK for successfully delivering impactful projects to private and public sector clients across numerous industries.

US consulting firm Slalom opens Manchester office

In the following four years, Slalom has grown into more new markets, including Canada – where it opened an office in Toronto – and launched a new software and tech 'building' offering. Amid growing demand in the UK, the consultancy has turned its attentions back to British shores once more. The UK represents the world’s second largest individual market for consulting services, and with the Northern Powerhouse project seeing business boom in the North-West in particular, Slalom has opted to launch a new Manchester office. 

While the move to a fast-growing region is understandable, it comes after venture capital funding fell by 30% in the North West in 2018. The haul was worth £122.2 million, down from £173.4 million in 2017, while the North as a whole saw the same 30% venture capital drop. Despite that, Slalom hopes its second UK location at Peter House, in the heart of Manchester’s innovation and academic district, will allow it to tap into the city’s deep talent pool, while investing in the development of its existing team members to strengthen its UK reputation. The company plans to employ 200 people in Manchester by 2025.

Dave Williams, UK Country Managing Director, said, “Manchester is a city of digital enterprise with a wide range of strengths across industries including manufacturing, healthcare, utilities and consumer services – which perfectly complements Slalom’s breadth of expertise. We’re looking forward to collaborating with clients to shape their internal capabilities, building a team and making an impact on the local community.”

Paul Squire, Managing Director – who will move from the London office to head up operations in Manchester –  added, “I’m excited about working with our clients in the North West of England, helping them to deliver people-centric change, bring strategic solutions to life, and ultimately, to love their future.”

Tim Newns, Chief Executive of Manchester’s inward investment agency, MIDAS, meanwhile stated, “Greater Manchester is a hotbed for collaboration and innovation, making it the ideal location for pioneering businesses like Slalom... Establishing operations within one of Europe’s largest digital and technology clusters will provide the consultancy firm with ample opportunities to join forces with the rapidly increasing number of world-leading brands that are choosing Manchester.”