It’s been a busy month supporting our client, Source Global Research. We first launched Source’s Tax Advisory Report, which found that the tax advisory market in the Middle East is expected to grow four times faster (13% to US$758mn) than North America (3% to US$33.96bn) and Europe (3% to US$14.75bn) in 2024, as several Gulf states introduce new taxes such as the UAE’s corporate income tax, introduced in June 2023 for the first time. This story was successfully pitched to Gulf titles, The National and The Khaleej Times, and was also covered by MSN and Bloomberg Tax.

Then, Source data finding that the market for financial services consulting would grow by about 5% worldwide in 2024 — twice the pace of last year, but the market in the UK would shrink by 2% was included in this Financial Times news story, looking at why Deloitte UK is planning to axe 180 advisory roles in a fresh round of job cuts.

We then launched Source’s global risk consulting services report, which was picked up by Continuity Insurance & Risk, and then off the back of an interview we arranged with Source’s CEO, Fiona Czerniawska, this piece ran in The Sunday Times. Fiona provided views on the impact on recruiting too quickly during the booming market, by saying: “They (the Big Four) have had quite a shock in the past two years. They recruited too much and too quickly during the booming market and paid them too much money, so there is a fair amount of adjustment needed in the system.”

Later in the piece, Fiona added: “All of these firms will have to change the shape of their businesses to respond to this continued downturn in consulting.”