Former Deloitte Consulting Partners Form Consulting Practice

In the aftermath of the Sarbanes-Oxley Act of 2002, most of the nation’s largest accounting firms broke ties with their consulting practices. After Deloitte Touche Tohmatsu scrapped plans to spin off its consulting practice and rename it Braxton, a group of former Deloitte Consulting employees formed their own company, Archstone Consulting.

Archstone was formed in June but just officially hung out its shingle on Tuesday.

Based in Stamford, CT, Archstone has about 60 professional employees, half of whom once worked for Deloitte Consulting. Archstone is led by chief executive Todd Lavieri, former global lead partner of Deloitte Consulting's manufacturing practice. He left Deloitte in June after 13 years with the firm, he told Dow Jones Newswires, adding that the majority of Archstone’s senior partners were former Deloitte employees.

The firm plans to focus on customers in the manufacturing, consumer packaged goods, life sciences and business and consumer services sectors.

Archstone will also provide services to customers who are hesitant to purchase new IT systems by helping them retool existing systems to optimize performance. "There's an opportunity in this market where clients are frustrated because they don't need large-scale integration projects," Lavieri told Dow Jones. "They just need to optimize projects they've already started."

According to Dow Jones, Archstone has received private-equity backing from Lake Capital, a firm with offices in Chicago and London. Deloitte Consulting is being absorbed back into its parent firm.

You may like these other stories...

While reputational risk is the No. 1 nonfinancial concern among corporate directors, cybersecurity/IT risk is gaining steam. In fact, both private companies and organizations with more than $1 billion in revenue felt they...
We've all been there. Trying to make our work-lives more efficient, transfer knowledge to newer team members, and leverage our practices. Sometimes it works, and sometimes, well, the result is embarrassing at best.Here...
From May 20-23, the Association for Accounting Marketing (AAM) held its annual conference. Frequent contributor Sally Glick picked up some ideas that she will be sharing with us in the coming days, as she has done in...

Upcoming CPE Webinars

Aug 5
This webcast will focus on accounting and disclosure policies for various types of consolidations and business combinations.
Aug 20
In this session we'll review best practices for how to generate interest in your firm’s services.
Aug 21
Meet budgets and client expectations using project management skills geared toward the unique challenges faced by CPAs. Kristen Rampe will share how knowing the keys to structuring and executing a successful project can make the difference between success and repeated failures.
Aug 28
Excel spreadsheets are often akin to the American Wild West, where users can input anything they want into any worksheet cell. Excel's Data Validation feature allows you to restrict user inputs to selected choices, but there are many nuances to the feature that often trip users up.