FTI Consulting
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| Corporation | |
| Traded as | : FCN S&P 400 Component |
| Industry | Professional services |
| Founded | 1982 |
| Founder | Joe Reynolds, Dan Luczak |
| Headquarters | Washington, D.C. (global) |
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Area served
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Worldwide |
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Key people
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Steve Gunby (CEO, President) [1] |
| Services | Corporate finance & restructuring, economic consulting, forensic and litigation consulting, technology, strategic communications |
| Revenue |
 US$1.76 billion (2014)
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Number of employees
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4,700 |
| Website | http://www.fticonsulting.com |
FTI Consulting is a business advisory firm headquartered in Washington, DC. The company specializes in the fields of corporate finance and restructuring, economic consulting, forensic and litigation consulting, strategic communications and technology. Founded as Forensic Technologies International Ltd in 1982, FTI Consulting employs more than 4,600 staff in 28 countries.
The firm was involved in the Lehman Brothers and General Motors bankruptcies, the investigation into the Bernard Madoff fraud,Bush v. Gore, and the Major League Baseball steroid investigation. As of September 2011, FTI Consulting had the largest restructuring business in the U.S. In 2009, FTI Consulting was listed by Fortune as one of the 100 fastest growing U.S. companies.
Forensic Technologies International was founded in 1982 by two engineers, Joseph Reynolds and Daniel Luczak, to provide expert witnesses for litigation and provide visual presentations to demonstrate complex technical issues for juries. Luczak later served as FTI's chairman from 1992 to 1998. The company went public in May 1996, raising $11.1 million and debuting at $8.50 a share. It was one of the first litigation support companies to be publicly traded.
Forensic Technologies International rebranded itself as FTI Consulting in 1998, and in 1999 began trading on the as FCN. After 1998, FTI's business focused increasingly on "financial surgery on troubled companies, either through bankruptcy proceedings or in workout situations with creditors."
The company added over 1,000 employees to its Forensic and Litigation Consulting ("FLC") division since the passing of the 2002 Sarbanes-Oxley Act, which excluded auditors from providing consulting work to their public clients. FTI Consulting purchased PricewaterhouseCoopers' U.S. Business Recovery Services Division ("BRS") for $250 million in 2002, which at the time was the largest provider of bankruptcy, turnaround and business restructuring services in the United States. The company purchased KPMG's Dispute Advisory Services in 2003. The company purchased Chicago-based Compass Lexecon in 2003, maintaining the name as a subsidiary.
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Wikipedia