Deloitte hires senior Magic Circle partner to lead legal push

23 January 2019 Consultancy.uk

Deloitte has continued its push into the legal sector with the hiring of a new Managing Partner for Deloitte Legal in the UK. Magic circle stalwart Michael Castle arrives at the firm following two decades of service with Allen & Overy.

The Big Four, the world’s largest consulting and accounting firms – consisting of Deloitte, PwCKPMG and EY – could draw an annual revenue of $30 billion from legal services, were they to fully expand into the market. With examples of the disruption the gang of four have already wrought in the digital, design and consulting spaces, the quartet have already shown they are capable of entering new industries and consolidating their market share, and by leveraging practice areas they already serve.

In this regard, the Big Four are already gaining legal market share at a rapid pace by providing legal services in tax, finance, M&A (for lower value deals) and labour. The Big Four’s legal divisions are already larger than most law firms and – as consulting firm forays into the advertising world have similarly shown – an enlarged workforce is one major route to winning over new clients. EY recently struck a deal to purchase Riverview Law, as the professional services giant works to expand its legal offering. PwC boasts a total of 3,500 lawyers, while Deloitte has around 2,000.

Deloitte hires senior Magic Circle partner to lead legal push

In a bid to keep pace with its competitors and eat into the market share of existing legal firms, Deloitte unveiled its intention to expand its legal services offering in the UK in early 2018. The plans were said to allow the multifaceted firm to bring its legal arm closer to its other services, such as audit and consulting. That was expected to increase Deloitte’s access to the coveted $600 billion global legal market – adding to Deloitte’s already substantial client base in the world-wide consulting industry, which is itself valued between $100 billion to $300 billion, depending on definition.

One year on, as Deloitte continues to forge ahead into the legal sphere, it has appointed veteran Allen & Overy Banking Partner Michael Castle as Managing Partner for Deloitte Legal. The legal sector veteran spent the best part of 20 years with the Magic Circle law firm, and will lend significant clout to Deloitte’s bid to expand into the market. Having joined Allen & Overy in 1999, Castle held the role of Partner for 11 years during his stint with the firm.

Commenting on the new arrival, Matt Ellis, Managing Partner for Tax and Legal, Deloitte North West Europe, said, “We have sky-high ambitions for Deloitte Legal in the UK, and this is why it is excellent to have someone of Michael’s calibre at the helm to build our presence and grow our distinctive suite of legal offerings."

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Rapid growth sees Quantum Advisory promote trio of partners

18 April 2019 Consultancy.uk

Three senior level consultants have been boosted to the rank of Partner at Quantum Advisory, as the firm works to meet heightened levels of client demand. Aled Edwards, Amanda Burdge and Chris Heirene become Partners as long-time Quantum member Rob Davies retires in May after 15 years as a Partner at the firm.

Founded in 2000, Quantum Advisory provides pension and employee benefits services to employers, scheme trustees and members, with five offices across the UK. The firm has enjoyed exponential growth in recent years, following a number of major client wins and booming demand for its services. It opened a new office in Bristol in 2016 to service the South West and in 2017 relocated its Cardiff office to a larger site within the Welsh capital to house the increased workforce. More recently, Quantum relocated its Amersham, Birmingham and London offices to more spacious premises in the centre of both cities to cope with demand.

The financial services consultancy, which employs 115 people across the UK, has promoted three senior team members to Partner, as part of its wider growth plans. The firm has moved Aled Edwards from Principal Consultant & Actuary, while Amanda Burdge has ascended from Principal Investment Consultant. Chris Heirene, former IT Manager, has also joined the ten current Partners at Quantum.

Aled Edwards most recently managed the actuarial team within Quantum’s Cardiff office as well as providing technical training for all staff. He boasts more than 17 years of pensions experience. He started his career as an Actuary at Jardine Lloyd Thompson’s Bristol wing, before joining Quantum in 2011. Edwards is also the President of the Welsh Actuarial Society (WAS), which supports actuaries and actuarial students living or working in Wales.

Rapid growth sees Quantum Advisory promote trio of Partners

Amanda Burdge joined Quantum’s team in 2001, as one of the fledgling firm’s first employees. Most recently she was a Principal Investment Consultant with the firm, and with more than a quarter of a century’s experience in the sector, she is responsible for providing investment advice to many of Quantum’s key clients with both defined benefit and defined contribution schemes. Prior to her time with Quantum, Burdge spent two years as a consultant with SBJ Benefit Consultants (now Capita), and three years with Tesco Pension Trustees. She currently sits on the Regulation Committee for the Pensions Management Institute.

Chris Heirene initially worked with Quantum as an IT Consultant with Teamwork Technology Services and then UES for over five years, before finally joining the firm itself in 2011. He is now responsible for Quantum’s IT systems across all of its offices, including the network and core server infrastructure which supports the business. Heirene is heavily involved in utilising IT to improve and build upon the processes in place throughout Quantum.

David Deidun, Partner at Quantum Advisory, said of the promotions, “This is a very exciting time for Quantum. The recent round of promotions fully recognise the hard work and dedication shown by the three, all of whom go above and beyond for the company. I’ve no doubt that Aled, Amanda and Chris will settle into their new roles with ease and look forward to working together to grow Quantum even further.”

The news comes as Rob Davies retires in May, after spending fifteen years as a Partner at Quantum. A qualified actuary, Davies was instrumental in setting up Quantum’s Investment Division, specialising in aiding clients with their investment strategies. He will remain with the company on a part-time consultancy basis, while working with several clients in the Fiduciary Manager area.