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In 2002, they played a pivotal role in steering HealthSouth out of a $2.7B This Firm Profile started as an email from Sean, asking if we could write on Alvarez & Marsal, “The Turnaround Guys”. The firm’s first turnaround client was the household brand, Timex Corporation. Turnaround and Restructuring. Practice Areas.
AlixPartners is an international business advisory firm based in Southfield, MI known for its work in corporate turnarounds, bankruptcy assignments and restructuring. Generally regarded as turnaround market leaders, AlixPartners is doing a killer job at taking up more room in the consulting space by strategically hiring a plethora of gurus.
Below is a timeline of key milestones up until 2002. FTI expanded into investigation and research capabilities as well as turnaround, restructuring, bankruptcy and forensic accounting with the moves. While the years up to 2002 were a time of growth for the firm, 2003 to 2011 brought a whole new meaning to the word “expansion”.
Outsiders, in effect, have become more of an intentional leadership choice than a stereotypical hire in a turnaround or crisis situation. That helps explain why 38% of incoming CEOs in the telecommunications industry during the previous four years were recruited from outside the company. one of the authors of the study.
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