Alvarez & Marsal expands office space in Manhattan

16 August 2018

Management consulting firm Alvarez & Marsal has expanded its office footprint at its current NYC headquarters at 600 Madison Ave. Already the largest tenant at the building, A&M will expand its office space by 22,000 square feet, reaching a total footprint of nearly 150,000 square feet.

Restructuring and turnaround consultancy Alvarez & Marsal started out in 1983 in New York City. Since then, the firm has expanded across the globe, with 25 offices in the US and 27 outside of it.  The consulting firm is a leading company in the area of turnaround management, battling it out for clients with rivals FTI Consulting and AlixPartners. Alvarez & Marsal has worked on many high profile restructuring assignments, including Lehman Brothers, Target Canada, and Arthur Andersen.

The firm is in no need of its own restructuring services, as it continues to grow and thrive. In addition to restructuring and turnaround, Alvarez & Marsal also offers advisory support in the areas of performance improvements, tax, disputes and investigations, valuation, compliance, private equity, and crisis management.Alvarez & Marsal expands office space in ManhattanNow, the firm will be expanding its footprint at its New York headquarters located at 600 Madison Ave, on the corner of East 58th St. Already the largest tenant of the 26-story building, A&M will be boosting its office space by 22,000 square feet to nearly 150,000 square feet. Built in 1965, 600 Madison boasts a spacious marble lobby, usable terraces, and sweeping views of Central Park. The building is owned by Ruben Companies, having acquired the land for $210 million in 2013 after having the leasehold on the building since the 1970s.

A&M replaced anchor tenant Tifanny & Co. when it moved into the prestigious and prime-located building. The rest of the 327,960 square foot tower is held by companies like boutique investment bank Financo, real estate broker Lee & Associates NYC, and real estate investment firm Rialto Capital Management.

The A&M office space expansion was confirmed by commercial real estate service firm JLL, who represented the consulting firm in the deal. The financial terms of the deal were not disclosed.

The firm recently appointed former Assistant US Attorney Robert Milan as Managing Director in its global anti-corruption and corporate fraud investigation practice. A&M also recently appointed Kristina Park, Doris Stein, and Ken Barrett as Managing Directors in its Healthcare Industry Group.

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US tech consultancy Slalom to open Manchester office

19 April 2019

Slalom is on the move again, this time expanding its UK footprint. The American tech consulting firm has announced plans to open a Manchester office in which it will employ 200 staff by 2025. The firm, which opened a London office in 2014, was formerly known as Slalom Consulting until a 2015 rebranding.

The announcement of the Manchester move follows a January relocation of its more than 700 Chicago-based employees from its office in Chicago’s Prudential Plaza to Aon Center, the third-tallest building in the city. Slalom’s previous space at Prudential was separated between floors, causing inconvenience. The new space at Aon is a marked improvement, in addition to the sheer size difference, with the move nearly doubling the firm’s floor space. The space will also utilize hoteling (scheduled workspaces), project-based workspace, and flexible areas for events and education. Slalom also expanded into Canada in 2016, opening an office in Toronto.

Paul Squire, managing director of Slalom’s London location, will head up the Manchester office. “I’m excited about working with our clients in the North West of England, helping them to deliver people-centric change, bring strategic solutions to life, and ultimately, to love their future,” he said.

Slalom has been one of Fortune 100’s “Best Companies to Work For” for four consecutive years, and has partnerships with powerhouse organizations including Amazon Web Services, Google Cloud, Microsoft, Salesforce, and Tableau. It employs more than 6,500 people in 29 offices across North America and the UK.US tech consultancy Slalom to open Manchester office“Manchester is a city of digital enterprise with a wide range of strengths across industries including manufacturing, healthcare, utilities and consumer services; which perfectly complements Slalom’s breadth of expertise,” Dave Williams, UK Country Managing Director, said. "We're looking forward to collaborating with clients to shape their internal capabilities, building a team and investing in the local community."

“Greater Manchester is a hotbed for collaboration and innovation, making it the ideal location for pioneering businesses like Slalom. There are strong complementarities between Slalom and Greater Manchester’s efforts to collaborate with companies going through digital transformation and supporting them to grow within the region. Establishing operations within one of Europe’s largest digital and technology clusters will provide the consultancy firm with ample opportunities to join forces with the rapidly increasing number of world-leading brands that are choosing Manchester,” Tim Newns, chief executive of Manchester’s inward investment agency, added.

In December 2018, the firm launched Slalom Build, a software and tech product “Build-as-a-service” offering that enables companies to build cloud-native software and tech products. While Slalom is headquartered in Seattle, Slalom Build centers can currently be found in Boston, Charlotte, Chicago, Denver, and Toronto.