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Our Financial Advisory business provides advice in connection with a wide range
of strategic and financial matters that are typically of great importance to
our clients. Our goal is to continue to grow our business by fostering
long-term, senior-level relationships with existing and new clients as their
independent advisor on strategic transactions such as mergers, acquisitions,
restructurings and other financial matters.
Since January 2002, when new senior management joined our firm, our focus in
our Financial Advisory business has been on:
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Making a significant reinvestment in our intellectual capital with the addition
of many senior professionals who we believe have strong client relationships
and industry expertise. While we will continue opportunistically to hire
outstanding individuals to this practice, we anticipate that our recent
managing director expansion program in this practice is now substantially
complete.
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Increasing our contacts with existing clients to further enhance our long-term
relationships and our efforts in developing new client relationships
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Expanding the breadth and depth of our industry expertise and adding new
practice areas
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Coordinating our industry specialty groups on a global basis
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Broadening our global presence by adding six new regional offices and entering
into strategic alliances in new geographies.
As a result, our Financial Advisory practice today consists of an experienced
group of advisors with specialties across a wide range of industries and
practice areas.
They are operating, we believe, with increased quality and frequency of
client contact. We made these investments during a period of financial market
weakness, when many of our competitors were reducing senior staffing, to
position us to capitalize more fully on any financial services industry
recovery.
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