In the News: Deloitte Financial Advisory Services LLP

Read the news about Deloitte Financial Advisory Services LLP’s practices gathered from a variety of publications to keep you informed.

Deloitte: Turnarounds and Democracy Don’t Mix
Bloomberg Law | April 29, 2013
According to a recent Deloitte webcast poll, even though communication is overwhelmingly ranked as the most important leadership principle during a time of change, corporate leadership teams are reluctant to update employees during crises. William Snyder, principal and co-leader of the Deloitte Corporate Restructuring Group, speaks with Bloomberg Law about the results. Watch the video to learn more about the poll results and their implications.

Pros on the Road: Expert Tips from a Weekly Traveler
USA Today | April 9, 2013
Theresa Donnelly, a manager at Deloitte Financial Advisory Services LLP, speaks with USA Today about the ways she maintains work life balance while on the road, and shares her top travel tips on packing, choosing flights, choosing a hotel, staying healthy on the road, and enjoying the travel. "Even though the travel can be difficult at times," says Donnelly, "I find the job rewarding, and I don't mind the travel as much."

Bankruptcy Beat Snapshot: Sheila Smith
Wall Street Journal | April 5, 2013  
Sheila T. Smith, principal, Deloitte Financial Advisory Services LLP has been named restructuring services leader for the Americas region.  Smith shares the news of her new role with The Wall Street Journal’s Bankruptcy Beat blog explaining, “My role is really more about finding the connectivity, the synergies across the geography.”

Seeing Into the Cloud: How to Mitigate Potential Ethical and Security Issues
The Federal Lawyer | April 2013   
Recent government security initiatives for IT represent a fundamental shift in the way that agencies manage data, and they will have wide-ranging impacts across agencies for lawyers involved with litigation, particularly the e-discovery phase. In this article, Chris May, principal, Deloitte Financial Advisory Services LLP provides an overview of the government’s recent IT security initiatives, and the potential ethical and security concerns raised by the move towards cloud computing.

 U.S. Companies Have a New Reason to Divest
Fortune | January 23, 2013
Deloitte’s 2013 Divestiture Survey Report has found that as the U.S. economy strengthens, divestitures are becoming more a matter of strategy than survival. Deloitte surveyed executives regularly involved in divestitures to assess the past experience of their companies, their outlook for the future, and the challenges they face. Read the Fortune article about the survey findings.

Survey Looks at U.S. Companies' 2013 FCPA Compliance Plans
Corporate Counsel | December 20, 2012
In light of new FCPA guidance from the Department of Justice and the Securities and Exchange Commission, a recent Deloitte poll found that 23 percent of respondents had a compliance program that needs improvement and 13.4 percent said they didn’t have any such compliance program (at least, not that they were aware of). Bill Pollard, a partner in the FCPA consulting practice of Deloitte Financial Advisory Services LLP, explains, and offers a few suggestions to help companies get a handle on compliance programs in 2013.

Retailers' Thanksgiving Deals Cut Black Friday Sales
Bloomberg | November 26, 2012
Ramesh Swamy, a senior manager at Deloitte Financial Advisory Services LLP, speaks with Bloomberg about the latest retail trends, and explains why Black Friday as we know it may be a thing of the past.  

Companies Asleep at Bribery Wheel
CFO.com |November 21, 2012
According to a recent Deloitte survey, more than 55.4% of respondents say that their company has plans to improve its anti-corruption programs. Bill Pollard, a partner in the FCPA consulting practice of Deloitte Financial Advisory Services LLP, discusses how the government’s vigilance in enforcing the FCPA is driving companies to improve compliance programs.

Gregory Swinehart Leads New Deloitte Division
New York Business Journal | November 1, 2012
Deloitte Financial Advisory Services LLP national leader for the forensic service area, Greg Swinehart, has been appointed to lead the newly-created analytics service area. "The establishment of this new analytics service area as is a natural evolution given its critical mass and the unique capabilities we bring to the market,” said Deloitte Financial Advisory Services LLP CEO David Williams.

Study: Confidence in Due Diligence Lags as Corruption Risk in Emerging Markets Rise
Compliance Week | October 29, 2012
The most recent Look Before You Leap survey by Deloitte Financial Advisory Services LLP finds that 70 percent of 126 business executives surveyed said they were “extremely” or “very concerned” about compliance and integrity-related risks when their company conducts business in emerging markets, while 71 percent believed these risks had grown over the last two years. Read the Compliance Week article about the survey findings quoting Chris Georgiou, partner in FCPA Consulting for Deloitte FAS and Wendy Schmidt, global service line leader of business intelligence services for Deloitte FAS.

Mark Michels joins Deloitte Financial Advisory Services
Law Technology News | September 14, 2012
Newly-added Deloitte Financial Advisory Services LLP director, Mark Michels, tells Law Technology News, “I am excited to join the Deloitte Discovery team because of the breadth and depth of its resources, focus on innovation, and commitment to clients. My immediate goal is to bring my experience as a longtime in-house discovery and litigation manager to help solve the discovery challenges facing our clients."

Sheila Smith: From Teaching to Turnarounds
Journal of Corporate Renewal | September 2012
In an interview with the Turnaround Management Association’s Journal of Corporate Renewal, Sheila Smith, principal, Deloitte Financial Advisory Services LLP, explains how she came to co-lead Deloitte’s Corporate Restructuring Group and discusses some of her most gratifying professional engagements

Deloitte Buys IE Discovery for Federal Client Base
Law Technology News | June 26, 2012
Deloitte announced that it has acquired substantially all of the assets of IE Discovery, a provider of electronic discovery (e-discovery) management and litigation support solutions that primarily serves federal government clients. Terms of the acquisition were not disclosed.
Business consultancy Deloitte is expanding its horizon for federal clients by acquiring electronic data discovery service provider IE Discovery,

Companies Show Little Concern about UK Bribery Act Enforcement
WSJ.com | June 25, 2012
A recent webcast poll from Deloitte Financial Advisory Services LLP has found that one year after enforcement of the UK Bribery Act began, less than one-tenth of those polled  are concerned about it and just 24.2 percent have changed their anti-corruption programs to comply. Yet, 62.6 percent of the respondents say the financial crisis has increased corporate corruption globally. Read the Wall Street Journal article about the poll findings quoting Chris Georgiou, Deloitte Financial Advisory Services partner.

The Evolving Role of the General Counsel
Executive Counsel | June 20, 2012
As businesses face market volatility and increasingly complex business problems, better collaboration between general counsel and finance can bring better strategic vision, improved efficiency, and reduced risks. After all, as Deloitte Financial Advisory Services LLP CEO, David Williams, and principal Tamika Tremaglio point out, both departments are working towards the same goals—protecting the organization and building better value.

Fight Over Capital Gains to Have Big Say in Bank M&A
American Banker | June 14, 2012
Deloitte Corporate Finance LLC’s new Financial Institutions Managing Director, Sharon Weinstein, tells American Banker that bank mergers will likely slow this summer but rev up in the fall – especially if a capital gains tax hike becomes a certainty. Read the full article to learn more about Sharon Weinstein and what the rest of the year may hold for banks in the M&A market.

M&A Professionals Had Better Learn to Play Nice
WSJ.com | May 22, 2012
Deloitte’s Corporate Development 2012 Survey has found that 41% of respondents said the board is more involved in M&A over the past two years and boards are requesting more frequent updates on deals. The survey also revealed that the M&A world is moving further away from transformational deals and more toward strategic partnerships. Read the Wall Street Journal article about the survey findings quoting Chris Ruggeri, Deloitte Financial Advisory Services principal and its M&A Services leader.

CRG Acquisition Propels Deloitte's Growth in Marketplace
ABF Journal | April 30, 2012
Deloitte has acquired substantially all of the assets of CRG Partners to grow its financial restructuring, turnaround management and bankruptcy reorganization capabilities. Terms of the deal were not disclosed.

Deloitte: Due Diligence on Third-Parties Remains Low Despite Enforcement
WSJ.com | March 19, 2012
A recent poll from Deloitte has revealed a starting disconnect – that while 2011 was the first year in which every U.S. foreign bribery enforcement action involved third parties, many companies conduct low amounts of due diligence on business partners. Read comments to the Wall Street Journal about managing third parties from Deloitte Financial Advisory Services partner Joe Zier.

In-house Lawyers Increasingly in Dual Legal/Business Roles
Corporate Counsel | March 9, 2012
Deloitte Financial Advisory Services principal, Tamika Tremaglio, tells Corporate Counsel, “Twenty years ago, the general counsel would sit on a hill, separate from the C-suite…Now there is usually a well-versed lawyer handling any business issue,” she said, adding that there are very few financial decisions that don’t call for a legal opinion.

Companies set to unleash the (cash) hoards
CFO.com | January 24, 2012
“In the status quo of this century’s second decade, companies have been tightfisted with their cash reserves, which for U.S. nonfinancial companies now total nearly $2 trillion. At the same time, boards and investors appear to be patient, says Justin Silber, a principal at Deloitte Financial Advisory Services LLP. For now, Silber suggests, boards aren’t putting pressure on management to deploy cash. ‘Boards are being more conservative,’ Silber says.”

As in-house roles change, more teamwork between GC and CFO needed
Corporate Counsel | December 6, 2011
CEO of Deloitte Financial Advisory Services, David Williams, tells Corporate Counsel, “There’s a natural overlap between the major roles of a CFO and the major roles that the general counsel play in terms of leading the organization. Both are strategists, advisers, and stewards of the company− especially around risk. And when there’s collaboration, the enterprise is much better prepared to handle risk and risk-related issues.”

Will bounties motivate whistleblowers?
Perspectives | Fall 2011
Will new regulations create a new incentive for whistleblowers? Mohammed Ahmed, senior manager, Deloitte Financial Advisory Services LLP, weighed in on why corporate compliance programs that encourage and support employees to report fraud internally are so important in detecting and correcting wrongdoing early in Perspectives, a publication of the University of Illinois at Urbana-Champaign.

New goodwill impairment standard leaves questions
Accounting Today | September 16, 2011
The new goodwill impairment testing standard may give companies more options and flexibility, but it also leaves some questions unanswered, according to Greg Forsythe, a director at Deloitte Financial Advisory Services LLP.

Executives worry about corruption risks
Reuters | September 15, 2011
U.S. companies face huge challenges in detecting or preventing corruption even as the government steps up enforcement of anti-bribery laws, a new survey by the Deloitte Forensic Center shows.