PA Consulting posts record growth of 24% in 2021
PA Consulting, a global innovation and transformation consulting firm, reported record revenue growth in 2021, with particularly strong performance in its US operations.
The London-based firm generated global fee income of £691.5 million, with year-over-year (YoY) growth of 24%, according to its 2021 annual report. PA Consulting’s US operations generated £81.3 million in revenue on the back of 46% YoY growth.
The consultancy also had a banner year in headcount growth, welcoming approximately 1,400 people across its footprint in Europe and the United States.
The firm recruited a record 50 new partners in 2021, including 16 partner additions in the US. Some of the notable hires included John Cala, Americas leader; Scott Schlesinger, head of US data and analytics; and John Edson, head of US design and engineering.
The firm also in 2021 expanded its US energy and utilities sector practice with the launch of a turnaround and restructuring offering headed by Nathan Wicker.
PA earlier this year welcomed Charlene Li as chief research officer.
The company’s more than 4,000 professionals work with clients in a range of industries to accelerate new growth ideas from concept through to design, development, and commercial success. PA’s consulting offerings span strategy and operations, digital transformation, and product design and engineering, among other areas.
Some of the company’s notable project work last year included partnering with Unilever on evolving its workforce strategy during the pandemic, designing the UK’s new electric vehicle chargepoint concept, and working with startup Wildtype to bring its sustainable lab-grown salmon product to market.
Among the firm’s corporate social responsibility initiatives in 2021, PA launched The PA Foundation, which aims to develop and inspire people facing disadvantage to be the innovators and leaders of tomorrow. The firm committed £10 million over the next five years and 10,000 hours of skills-based volunteering in its first year.
“Looking forward, a strong 2021 means we are in a great position for growth – for our clients and our people,” said CEO Ken Toombs. “Our purpose and strategy are clear. We will focus growth by investing in building our deep sector expertise and bringing together our end-to-end capabilities to create even more ingenious responses to clients’ biggest challenges. And we will ensure we continue to recruit amazing talent, and further invest in creating opportunities for our people to learn, develop, and build exciting and rewarding careers.”
