2019 Vault Rankings
"Combination of warm culture, high ambition and success."
"Variety of work."
"Smart, executive people."
"Great work environment."
"Lack of interaction with offices in other countries below MD level."
"Slow promotion to managing director."
"Hours can be long sometimes."
"Strong niche in distress advisory."
"Private Equity driven."
"Hard restructuring gurus."
AlixPartners is an international business advisory firm that built its reputation through its work in corporate turnaround and restructuring. Now, with over 30 years of history behind it, the firm has diversified its business and provides services in four areas: Enterprise Improvement, Turnaround and Restructuring, Financial Advisory and Information Management. Although the firm is often associated with reversing the fortunes of companies in high-impact situations, it offers a broad range of consulting services for companies that are not in financial straits but are looking to improve operations and performance. Operating globally out of offices in North America, Europe, the Middle East and Asia, AlixPartners has been retained by at least half of the Fortune 100 and many of the world's other largest companies, as well as mid-sized public and private companies, private equity firms, top law firms and public entities. Best of all for its clients, AlixPartners works on a pay-for-performance system, aligning its compensation structure with its clients' success.
There must be a better way
Jay Alix & Associates PC was founded by Jay Alix in 1981, when he observed that companies in trouble needed help saving assets and jobs and had little resources for doing so. The company's early years included aiding notable clients such as DeLorean Motor Company, of Back to the Future fame, and Phoenix Steel Corporation. The firm began to evolve in the 1990s, taking on more staff and serving major clients, such as Unisys, Phar-Mor and General Motors' National Car Rental subsidiary, and it expanded from 33 employees to over 100.
In 2002 the firm changed its name to AlixPartners to reflect the firm's central premise that it is a partner to it employees, clients and referral sources. Although originally based in Detroit, New York and Chicago, the firm expanded rapidly into Europe and then Asia. AlixPartners now has over 1,000 employees and 17 offices in eight countries.
IN THE NEWS
UK Boasts Double Digit Defense Export Order Growth in 2013
The AlixPartners consultancy thinks external link market conditions are in place for strong merger and acquisition activity in defense and aerospace, as well as potential "disruptive innovation" – aka "creative destruction" if you're the incumbent on the receiving end of said innovation – which was not on their radar five years ago. See more here.
Why Postal Service Banking Is a Bad Idea
According to AlixPartners, cited in an article in U.S. News & World Report, consumers visited a branch "39 percent fewer times per month after adopting mobile banking services." – See more here.
UAE auto sector comfortable with steady growth
According to a report released by the consultancy Alix Partners, the global automotive industry faces "at best uncertain times ahead." Even a stellar market such as China's could see growth taper to 6.3 per cent in the next five years against the 17.6 it maintained over the last decade. But when it comes to the Middle East and North Africa markets, there is a "promising future" with growth over the next five years projected at 7 per cent. According to AlixPartners, the overall Mena market totalled vehicle sales of 1.9 million units in 2013 with Saudi Arabia, the UAE and Egypt accounting for 58 per cent (1.1 million units). See more here.
It's Not Just American Apparel: For Fashion Retailers, Sex Just Isn't Selling These Days
In-your-face sexiness has become passé and to some extent, the digital era has made young people numb to it, Steve Nevill, managing director for Alix Partners' retail practice, told Forbes. "Pressing hard on the sexy angle is not producing the return it once was," he said. "Just look at the number of celebrities who Tweet and Instagram selfies daily of racy images. Not only are teens much more desensitized to it, but it's also not a huge way to be unique versus years ago," he said. "All of our data also shows that teens want fashion and to create looks. A lot of 'sexy' items are just items, not outfits." See more here.
Peugeot to build fifth factory in China
Greater China made up 26 per cent of global car and small van sales last year, up from 8 per cent a decade previously, according to AlixPartners, as cited in the Financial Times. See more here.
Tricky Gear Shift for Europe's Auto Industry
Europe's car market is no longer stuck in reverse, but getting out of first gear remains a big challenge—one that perhaps the industry and investors are underestimating. That's the conclusion from the latest global industry study by consultancy AlixPartners, cited in the Wall Street Journal. True, demand for new cars in Europe has bottomed out. Globally, growth in demand remains robust, led by the U.S., China and other emerging economies, which stands to benefit European auto makers as they continue to invest abroad. European car stocks have rallied in recent months. See more here.
Turnaround, Restructuring, and Distressed Investing Industry Hall of Fame Induction
Al Koch, an AlixPartners managing director, joins AlixPartners Founder Jay Alix in the TMA's Hall of Fame. The honor is given to those whose outstanding individual contributions have made a lasting positive impact on an industry dedicated to stabilizing underperforming companies, rebuilding corporate value, and retaining jobs.
909 Third Avenue
New York, NY 10022
Phone: (212) 490 2500
Employer Type: Private
CEO: Simon Freakley
2016 Employees (All Locations): 1,600
New York, NY (HQ)
Los Angeles, CA
San Francisco, CA
Turnaround & Restructuring
Investigations, Disputes & Risk