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FTI Consulting history
FTI Consulting company history timeline
Daniel W. Luczak and Joseph R. Reynolds, Jr., both engineers, founded Forensic Technologies International Corporation in 1982, making the transition from consultants to a full-time business operation.
In 1986, the firm established a West Coast office.
1986 The firm enters the litigation communications services business.
Forensic Technologies was hired in 1988 by the State of Illinois to determine the cause and origin of a central telephone office fire and make recommendations geared to prevent future disasters.
1988 The firm earns its first multimillion-dollar single matter fee.
1989 A case with exposure in excess of a billion dollars elevates the firm's reputation.
Original outside investors stepped aside with the completion of a senior management buyout in 1992.
Forensic Technologies International goes public in May of 1996.
The addition of the new businesses plus internal growth boosted total revenue to $44.2 million, $13.6 million more than generated in 1996.
1996 The firm's initial public offering funds expansion.
A 1997 acquisition of an insurance claims management firm brought the company into a new line of business.
A total of 46 percent of the company's 1997 revenue came from the company's visual communication services, such as computer animations and graphic illustrations.
1999 Trading begins on the American Stock Exchange.
Inclusion in the Russell 2000 index, beginning in 2000, increased its visibility among institutional investors.
2000 Policano & Manzo is acquired.
2002 PricewaterhouseCoopers' Business Recovery Services division is acquired.
2003 The firm opens a London office.
Every business and region grew revenues and Adjusted EBITDA for the first time since 2007.
On a percentage basis, the Company reported the largest gain in Adjusted Earnings Per Share since 2009.
President and Chief Executive Officer, Jack B. Dunn, IV, is named one of Consulting Magazine's “Top 25 Consultants” for 2012.
$1.4 billion equity market capitalization (total Shares outstanding times the closing share price as of December 31, 2015). Advisor to the world’s top 10 bank holding companies, clients of 92 of the world’s top 100 law firms and 48 of the Global 100 corporations are clients.
The Europe, Middle East, and Africa region also delivered record revenues and increased headcount by 11% from 2015.
The Company’s 2016 results were driven by record revenues in the Corporate Finance & Restructuring and Economic Consulting segments.
In July 2017, the Company acquired the CDG Group, a leading restructuring advisory, turnaround management, value enhancement and transaction advisory firm in New York.
In the second half of 2017, the Company had the largest increase in Adjusted EBITDA year-over-year in a decade.
Full year 2017 was the third year in a row the Company achieved sustained GAAP and Adjusted earnings per share gains.
Billable headcount increased 18% over 2018, with total employee headcount increasing to more than 5,500 globally.
Earnings per share grew for the seventh consecutive year, up 45% compared to 2018.
In 2018, record revenues of $2.03 billion increased 12% year-over-year.
The Company ended 2018 with the strongest balance sheet in its history, with USD$4.2 million in total debt, net of cash.
Billable headcount increased 14.5% over 2019, with total employee headcount increasing to more than 6,300 globally.
Total headcount increased 7.3% over 2021, increasing to more than 6,700 employees globally.
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FTI Consulting competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| L.E.K. Consulting | 1983 | $500.0M | 1,600 | - |
| Navigant Consulting | 1983 | $743.6M | 5,500 | - |
| AlixPartners | 1981 | $330.0M | 2,000 | 50 |
| Alvarez & Marsal | 1983 | $1.2B | 4,000 | 1,084 |
| Pwc | 1849 | $45.1B | 295,000 | 16,843 |
| Deloitte | 1845 | $50.2B | 334,800 | 25,262 |
| Ernst & Young | 1849 | $40.0B | 312,250 | 15,705 |
| Strategic Solutions Group | 2003 | $1.6M | 30 | 4 |
| Huron Consulting Group | 2002 | $1.5B | 3,750 | 961 |
| Compliance | 1980 | $9.5M | 50 | 30 |
FTI Consulting history FAQs
Zippia gives an in-depth look into the details of FTI Consulting, including salaries, political affiliations, employee data, and more, in order to inform job seekers about FTI Consulting. The employee data is based on information from people who have self-reported their past or current employments at FTI Consulting. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by FTI Consulting. The data presented on this page does not represent the view of FTI Consulting and its employees or that of Zippia.
FTI Consulting may also be known as or be related to FTI Consulting, FTI Consulting (Hong Kong) Ltd., FTI Consulting Inc, FTI Consulting, Inc., Fti Consulting and Fti Consulting, Inc.