Alvarez & Marsal

Alvarez & Marsal Company Profile

THE SCOOP

Improving performance

Founded in 1983, Alvarez & Marsal is a global professional services provider, with one overriding specialty: helping clients accelerate performance, overcome challenges, and maximize value. To do that, the firm offers several main global service lines: performance improvement, corporate restructuring, tax advisory, global forensics and disputes, and private equity services.

While the firm is perhaps best known for its work turning around troubled companies, the lessons gleaned from those experiences mean that A&M also has strong capabilities when it comes to advising leaders of healthy firms on how to improve their performance. Indeed, in describing its capabilities, the company states that, "there are more similarities than differences in managing troubled companies and managing for growth." That outlook-together with the firm's broad array of capabilities-means A&M has the potential to thrive in almost any economic climate.

The company serves clients across a range of industries, including automotive and suppliers, consumer packaged goods, energy, financial services, healthcare, high tech, insurance, manufacturing, media and entertainment, private equity, public sector, real estate, retail, and transportation and infrastructure. Its client list includes AmLaw 100 and Fortune Global 500 (and half of the Fortune 100) firms, and largest U.S. banks. The firm has 41 offices in 17 countries in North America, Europe, Asia and Latin America.

From one shop to one-stop-shop

When founders Tony Alvarez II and Bryan Marsal hung their shingle in New York in 1983, they did so as a firm with one core competency: restructuring. For the next 15 years, the firm gradually built a reputation in its local market as the go-to outfit for troubled companies-a reputation that led to the decision to expand the business, first nationally, in 1999, and then internationally with the launch of a European practice in 2001.

Having steered clients through the fallout from the tech bust and the accounting scandals of the early years of the decade, A&M's next move was to help them navigate through the raft of new regulations that emerged because of those scandals. Accordingly, with clients struggling to come to terms with the details of the Sarbanes-Oxley regulations, in 2004 the firm branched into performance improvement and business advisory, before adding transaction advisory and private equity services the following year.

Cometh the hour…

If the implosion of the financial markets in 2008 can be called a disaster, Alvarez & Marsal's role was akin to that of first responder: in the midst of the credit crunch, the firm created a dedicated Financial Industry Advisory Services unit. Featuring a blend of blend of consultants and banking industry operators on both sides of the pond, the unit was created to offer clients in the financial services industry counsel from former bankers and bank regulators, turnaround managers, real estate advisers, forensic accountants and IT strategists, among others.

Underlining its reputation as a restructuring and turnaround specialist, meanwhile, A&M was selected to lead the global wind-down of Lehman Brothers following its declaration of bankruptcy-the largest (and likely the most complicated) wind-down in U.S. history. The Lehman project alone took four years; the bank began the process of repaying creditors in 2012 when it emerged from bankruptcy protection. Additionally, the firm also led the liquidation of WaMu and other major banking institutions in the aftermath of the credit crisis, and is active in countries and financial institutions across the Eurozone and North America, preparing for Dodd Frank and Basel III implementation, including new capital, business model, operational and risk/regulatory and asset management requirements.

Principles of management

In recent years, Alvarez & Marsal's star has been rising in industry sectors where activist operational support and leadership, culled from the firm's distinctive restructuring heritage and relentless focus on execution and results, have been most needed. Accordingly, A&M is well positioned to help define a new breed of consulting firm among healthy corporates addressing the trials and tribulations inherent in every economic cycle.

Regardless of where a firm falls on the scale from "troubled" to "healthy", A&M believes that its principles for management can be applied to help it improve its performance an unlock value. Those principles include: minimizing bureaucracy but maintaining strong process management; challenging assumptions and traditional interests; remaining fact-based and objective when seeking reasons for underlying issues; rooting out under-performance; clarifying responsibility, authority and leadership over key initiatives; a belief that culture is a covenant that leaders build and maintain with their people that should not be squandered; and always planning liquidity.

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Alvarez & Marsal


600 Madison Avenue
8th Floor
New York, NY 10022
Phone: (212) 759-4433
Fax: (212) 759-5532
www.alvarezandmarsal.com

STATS


  • Employer Type: Private
  • Co-CEO: Antonio C. Alvarez II
  • Co_CEO: Bryan P. Marsal
  • 2013 Employees: 2,200

  • Employment Contact

    www.alvarezandmarsal.com/careers


  • Major Departments & Practices

     

    Global Capabilities

    Corporate Governance

    Executive Benefits Consulting

    Global Forensic and Dispute Services

    Business Consulting

    Performance Improvement

    Tax Advisory Services

    Transaction Advisory

    Turnaround and Restructuring

    Valuation Services

     

    Industry Expertise

    Automotive and Suppliers

    Consumer Packaged Goods

    Energy

    Financial Services

    Healthcare

    High Tech

    Insurance

    Manufacturing

    Media and Entertainment

    Private Equity

    Public Sector

    Real Estate

    Retail

    Transportation and Infrastructure

Major Office Locations

  • New York, NY (Global HQ)
  • London (Europe HQ)
  • São Paulo (Latin America (HQ)
  • Hong Kong (Asia HQ)
  • 41 offices in 17 countries worldwide

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