FTI Consulting

Forensic Technologies International was founded in 1982 by two engineers, Joseph Reynolds and Daniel Luczak, to provide expert witnesses for litigation and 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.{{Cite news|url=https://www.washingtonpost.com/archive/business/1998/06/08/a-case-for-courtroom-presentations/dbff5862-2bcf-4dcc-8bde-e1b2da8bd4d8/|title=A CASE FOR COURTROOM PRESENTATIONS|newspaper=Washington Post|access-date=2016-05-20}}{{Cite news|url=https://www.washingtonpost.com/archive/business/2001/08/13/its-a-grand-time-to-be-a-workout-artist/49c5c577-e470-4aa3-babb-3e063d876283/|title=It's a Grand Time to Be a Workout Artist|newspaper=Washington Post|access-date=2016-05-21}}

Forensic Technologies International rebranded itself as FTI Consulting in 1998, and in 1999 began trading on the New York Stock Exchange as FCN.{{Cite web|url=http://www.referenceforbusiness.com/history2/41/FTI-Consulting-Inc.html|title=FTI Consulting, Inc. - Company Profile, Information, Business Description, History, Background Information on FTI Consulting, Inc.|website=referenceforbusiness.com|access-date=2016-05-21}}{{Cite web|url=http://www.fticonsulting-emea.com/en/about/our-history|title=Company History {{!}} Business Growth {{!}} FTI Consulting EMEA|website=fticonsulting-emea.com|access-date=2016-05-21}} 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.{{Cite news|url=https://www.washingtonpost.com/business/capitalbusiness/fti-consulting-raises-profile/2011/07/27/gIQAcyghlI_story.html|title=FTI Consulting raises profile|newspaper=Washington Post|access-date=2016-05-21}}FTI Consulting To Acquire U.S. Business Recovery Services Division ("BRS) Of PricewaterhouseCoopers [http://www.prnewswire.com/news-releases/fti-consulting-to-acquire-us-business-recovery-services-division-of-pricewaterhousecoopers-76387017.html] The company purchased KPMG's Dispute Advisory Services in 2003.FTI Consulting Completes Acquisition of KPMG's Dispute Advisory Services [http://www.pressreleasepoint.com/fti-consulting-completes-acquisition-dispute-advisory-services-business-kpmg] The company purchased Chicago-based Compass Lexecon in 2003, maintaining the name as a subsidiary.{{cite web |url=http://www.compasslexecon.com/highlights/lexecon-to-be-acquired-by-fti-consulting/?year=2003 |title=Lexecon To Be Acquired by FTI Consulting |publisher=Compass Lexecon |date=September 25, 2003 |access-date=May 5, 2015 |archive-url=https://web.archive.org/web/20150923205734/http://www.compasslexecon.com/highlights/lexecon-to-be-acquired-by-fti-consulting/?year=2003 |archive-date=September 23, 2015 |url-status=dead }}

FTI acquired Ringtail Solutions Group in 2005.{{cite web|url=http://www.prnewswire.com/news-releases/fti-consulting-to-acquire-ringtail-solutions-54134007.html|title=FTI Consulting to Acquire Ringtail Solutions|author=FTI Consulting|website=prnewswire.com}} Ringtail's signature product, the Ringtail Discovery Software Suite, provides e-discovery and document management tools to assist corporations and law firms during litigation engagements. FTI acquired Attenex Corporation in 2008{{cite web|url=http://www.prnewswire.com/news-releases/fti-consulting-inc-to-acquire-attenex-corporation-57440417.html|title=FTI Consulting, Inc. to Acquire Attenex Corporation|author=FTI Consulting|website=prnewswire.com}} and merged Attenex Patterns with Ringtail Discovery Software Suite to form Ringtail 8 E-discovery Software.{{Cite news|url=http://www.ftitechnology.com/company/press-releases/fti-launch-ringtail-8-e-discovery-software|title=FTI to Launch Ringtail 8 E-discovery Software|website=FTI Technology|access-date=2016-05-23}}

In 2006, the company acquired the London-based communications consultancy Financial Dynamics ("FD").{{cite web |url=http://www.prnewswire.co.uk/news-releases/fti-consulting-to-acquire-financial-dynamics-153583255.html |title=FTI Consulting to Acquire Financial Dynamics |publisher=PR Newswire |date=September 11, 2006}} FD is now referred to as the Strategic Communications Division of FTI. In 2007, FTI expanded into Latin America and reported US$1 billion in annual revenue for the first time.{{Cite book|url=https://books.google.com/books?id=qeZy4K_FolsC|title=Plunkett's Companion to the Almanac of American Employers 2008: Mid-Size Firms|last=Plunkett|first=Jack W.|date=2008-03-01|publisher=Plunkett Research, Ltd.|isbn=9781593921071|language=en}}

In 2008, FTI purchased the Schonbraun McCann Group, a real estate consulting firm based in New York, and Forensic Accounting, a forensic accounting practice based in the UK.{{Cite web|url=http://www.nasdaq.com/article/fti-consulting-inc-fcn-new-analyst-report-from-zacks-equity-research-zacks-equity-research-report-cm308184|title=FTI Consulting Inc. (FCN): New Analyst Report from Zacks Equity Research - Zacks Equity Research Report|date=2013-12-02|website=NASDAQ.com|access-date=2016-05-20}}

In 2010, FS Asia Advisory Limited was acquired in Hong Kong, expanding FTI's activities in Asia.{{Cite web|url=http://www.streetinsider.com/Corporate+News/FTI+Consulting+%2528FCN%2529+Completes+Acquisition+of+FS+Asia+Advisory+Limited/5910358.html|title=FTI Consulting (FCN) Completes Acquisition of FS Asia Advisory Limited|website=StreetInsider.com|access-date=2016-05-20}} In January 2014, FTI Consulting acquired London-based TLG Partners, which produced a series of annual thought leader indexes.{{cite web|last=Farey |first=Daniel |url=http://www.prweek.com/article/1220309/fti-consulting-advanced-talks-tlg-partners |title=FTI Consulting in advanced talks with TLG Partners |publisher=PR Week |date=2013-11-08 |access-date=2014-01-24}}{{cite web|last=Farey |first=Daniel |url=http://www.prweek.com/article/1227183/fti-consulting-finalises-acquisition-tlg |title=FTI Consulting finalises acquisition of TLG |publisher=PR Week |date=2014-01-15 |access-date=2014-01-24}}{{cite web|url=http://www.tlgpartners.com/ |title=TLG |publisher=Tlgpartners.com |access-date=2014-01-24}} In the same month, Steven H. Gunby was named the firm's new president and chief executive officer.{{Cite web|url=https://dealbook.nytimes.com/2014/07/31/fti-consulting-names-new-c-f-o/?_r=0|title=FTI Consulting Names New C.F.O.|last=Ember|first=Sydney|website=DealBook|date=31 July 2014 |access-date=2016-05-21}}

In 2015, The Deal named FTI Consulting the world's top restructuring adviser to distressed companies.

In 2017, the company acquired the CDG Group, a leading restructuring advisory, turnaround management, value enhancement, and transaction advisory firm in New York.{{Cite web |date=2017-07-13 |title=FTI Consulting buys US based restructuring consultancy CDG Group |url=https://www.consultancy.uk/news/13696/fti-consulting-buys-us-based-restructuring-consultancy-cdg-group |access-date=2025-01-22 |website=www.consultancy.uk |language=en}}

In 2019, FTI Consulting acquired Andersch AG, a leading German restructuring and advisory firm, as part of its strategic expansion in Europe.{{Cite news |title=FTI Consulting Will Acquire German-Based Andersch AG |url=https://finance.yahoo.com/news/fti-consulting-acquire-german-based-163116461.html |archive-url=http://web.archive.org/web/20190629234917/https://finance.yahoo.com/news/fti-consulting-acquire-german-based-163116461.html |archive-date=2019-06-29 |access-date=2025-01-22 |language=en-US}}{{Cite web |last=MarketScreener |date=2019-08-08 |title=FTI Consulting, Inc. completed the acquisition of Andersch AG Wirtschaftsprüfungsgesellschaft for $18.8 million. -August 07, 2019 {{!}} MarketScreener |url=https://www.marketscreener.com/quote/stock/FTI-CONSULTING-INC-12571/news/FTI-Consulting-Inc-completed-the-acquisition-of-Andersch-AG-Wirtschaftsprufungsgesellschaft-for--34199472/ |access-date=2025-01-22 |website=www.marketscreener.com |language=en-US}}

In 2023, the company was hired by Johnny & Associates to manage a press conference addressing sexual abuse by its late founder Johnny Kitagawa. The Japanese public broadcaster NHK reported that the consulting firm had a 'blacklist' of journalists to avoid calling on during the event.{{cite news |last1=Benoza |first1=Kathleen |last2=Kaneko |first2=Karin |date=2023-10-04 |title=Johnny's news conference had journalist 'blacklist,' reports say |url=https://www.japantimes.co.jp/news/2023/10/04/japan/society/johnnys-reporter-blacklist/ |work=The Japan Times |location= |access-date=2023-10-04}}{{cite news |date=2023-10-04 |title=Johnny & Associates denies involvement in blacklisting journalists |url=https://www3.nhk.or.jp/nhkworld/en/news/20231005_04/ |work=NHK |access-date=2023-10-04}} FTI admitted the existence of the 'blacklist' as well as a list of reporters who should preferably be given a chance to ask a question.{{cite news |date=2023-10-05 |title=Consulting firm apologizes for Johnny's news conference journalist blacklist |url=https://www3.nhk.or.jp/nhkworld/en/news/20231005_32/ |work=NHK |access-date=2023-10-05}}{{cite news | url=https://www.yomiuri.co.jp/culture/tv/20231005-OYT1T50264/ | title=ジャニーズ会見ＮＧリスト、コンサル会社「配慮に基づく進行は事務所側も了承」…「指名候補記者リスト」も作成 |language=Japanese | work=The Yomiuri Shimbun| date=2023-10-05 | access-date=2023-10-05 }} The firm also admitted the lists were given to the conference modulator. Their concern about some reporters who would spend long periods talking about their own opinions or ask thoughtless questions (or remarks) that could be unnecessarily stressful and painful to the victims watching the press conference was given as a reason to prepare the list. FTI told the press that their press conference policy was confirmed with the talent agency. On whether it is a good system to prepare such lists, Akihiro Nojiri, Senior Managing Director of Strategic Communications at FTI Consulting Japan Office, said, "Well, I don't think I am in a position to judge whether it is good or not."{{cite web | url=https://bunshun.jp/articles/-/66302?page=5 | title=「この"NG"という言葉がね、非常に…」"ジャニーズ茶番会見"NGリスト作成の責任者を独占直撃！「発案したのは誰か…それは」《チームリーダーは元大蔵エリート官僚》 |language=Japanese | work=Bunshun Online | date=2023-10-06 | access-date=2023-10-07 }} Nojiri said "まあ、いいかどうかというのは私自身は判断する立場じゃないと思ってますので。" in Japanese.

In 2020, the New York Times reported on FTI consulting's work for the fossil fuel industry. Reporting found that FTI had helped to design, staff and run organizations and websites funded by energy companies that were made to appear to represent grass-roots support for fossil-fuel initiatives.{{cite news |title=How One Firm Drove Influence Campaigns Nationwide for Big Oil|url=https://www.nytimes.com/2020/11/11/climate/fti-consulting.html|work=The New York Times |access-date=2024-12-13}}

• ArmorGroup
• Eurasia Group
• Le Beck International
• Pinkerton
• Edelman (firm)
• Finsbury (public relations)
• Teneo

{{Reflist}}

{{Consulting}}

{{S&P 400 companies}}

{{Authority control}}

Category:Financial services companies based in Washington, D.C.

Category:Companies listed on the New York Stock Exchange

Category:Companies in the S&P 400

Category:Financial services companies established in 1982

Category:Consulting firms established in 1982

Category:American companies established in 1982

Category:1982 establishments in Washington, D.C.

Category:International management consulting firms

Category:Macroeconomics consulting firms

Category:1996 initial public offerings