SOURCE: AlixPartners


September 17, 2009 15:04 ET

AlixPartners Ranks No. 1 Among Business Advisory Services Firms in Consulting Magazine's 'Best Firms to Work For'

Survey Also Shows AlixPartners Highest in 'Morale' and 'Greatest Sense of Helping Clients' Categories

NEW YORK, NY--(Marketwire - September 17, 2009) - In a business environment that has seen more and more of the world's leading companies turning to advisors to help them stay healthy or to help rescue them from distress, a recent survey by "Consulting Magazine" rates AlixPartners as the number-one business advisory services (BAS) firm. The firm also ranked highest in the "morale" and "greatest sense of helping clients" categories in the magazine's 2009 "Best Firms to Work For" survey, which gathered information from 236 major firms in BAS, human resources, information technology, operations management and strategy consulting.

In addition, AlixPartners ranked sixth among all firms of any kind in the survey.

"We at AlixPartners are proud of our results in this survey," said Fred Crawford, the firm's chief executive officer. "I'm especially gratified at our results in the 'morale' and 'greatest sense of helping clients' categories. Client service is what AlixPartners is all about, and I'm very happy to see that this survey reflects what I know to be true: that AlixPartners people not only make a big difference for our clients but they also get a lot of personal satisfaction from doing just that. In our culture, the two things go hand in hand."

Crawford also noted that AlixPartners is usually called in by clients "when it really matters," to achieve the rapid results in such matters as corporate turnarounds, companywide performance-improvement increases, complex financial investigations and the like -- the kind of situations that can lend themselves to long hours and lots of pressure.

The survey found that AlixPartners is bucking a trend of declining morale in the advisory industry overall. "To ensure high job satisfaction and avoid burnout," said Kelly McKeon, the firm's head of people development and human resources. "AlixPartners has long prided itself on a rigorous hiring procedure to find those people best suited for the kind of work we do, a highly competitive compensation structure that rewards initiative and success, and a unique culture that's as 'high-touch' as it is high-performance."

Crawford as well pointed to the fact that while many other firms today are laying off personnel or shifting work to junior staff to hold down costs, AlixPartners is maintaining its commitment to a business model that relies heavily on experience. "We don't use the typical consulting-firm 'pyramid' staffing model," he said, "with a senior person at the top, who may or may not even be that personally engaged in the assignment, but then mostly junior people down below. Our typical model is more diamond-shaped: a very senior hands-on engagement leader working alongside a handful of experienced people, with analytical support as needed... The result is a more nimble engagement team that really gets things done and delivers real value, not just write reports."

Results of Consulting Magazine's survey can be found at

About AlixPartners

AlixPartners is a global business advisory firm offering comprehensive services to improve corporate performance, execute corporate turnaround, and provide litigation consulting and forensic accounting services. It was the recipient of a record four awards from the Turnaround Management Association in 2008. The firm has more than 900 professionals in 14 offices across North America, Europe, and Asia, and is on the Web at

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