FD REVENUE UP 7.3% IN Q1
FTI Consulting reported first quarter venue at its strategic communications division, FD, rose 7.3 percent to $46.4M over 2010 on “modest” U.S. and U.K. client growth and stronger project work in Asia and the U.S.
Overall, the business consulting combine posted a 3.3% increase in revenue for Q1 to $361.8M while net income surged nearly 54% to $21.8M.
President and CEO Jack Dunn said bankruptcy and restructuring business remained soft, but its other operations, like FD, M&A and technology consulting accounted for 9.5 percent growth.
The company said FD has 586 revenue-generating staffers.
The firm was the top M&A PR advisor for Q1 based on volume of deals, according to mergermarket, as it counseled 47 transactions during the period worth $66.4B, edging out rival Brunwick Group (41).
During the quarter, FTI acquired certain European operations of global consulting firm LECG Corp. They included LECG’s competition policy practice, financial advisory services unit and tax consultancy group
FTI also spent $209.4M buying back stock during Q1 and is slated to retire five million shares.
B-M TAPS TRAVATELLO
Burson-Marsteller has hired Lisa Travatello for the global consumer and brand marketing chair and creative director spot at the WPP unit.
Travatello joins from Interpublic’s Current Lifestyle Marketing operation, where she held the executive VP and curator of creativity position.
Travatello, who has more than 25 years of marketing communications experience, becomes a member of B-M’s business operations team of top executives. She reports to Mark Penn, CEO.
At Current, Travatello handled clients such as Travel Alberta, Clorox, Greater Miami Convention and Visitors Bureau (an account currently under review), Bali Intimate Apparel and Weleda.
Previously, she was at another IPG unit, Weber Shandwick, as chief creative officer and executive VP of consumer marketing. She counseled General Motors, Unilever and Ocean Spray.
Travatello did stints at Porter Novelli (Omnicom), Edelman, and Ogilvy PR (WPP).
She also was PR coordinator for Pittsburgh’s Dept. of Parks and Recreation.