KPMG has revealed that it is hoping to increase its consulting revenues to £600 million in the next four years; three-times its current revenues.
The company is hoping achieving this goal will help its position in comparison to the other Big Four accountancy firms.
In addition to the consulting revenues target, the organisation is hoping to increase its 1,000-strong consultancy division by employing 300 people.
According to the Times, KPMG has employed staff from competitor companies such as Deloitte and PricewaterhouseCoopers over the past three months.
Over the last four years the company has been growing its consultancy practice, which currently has revenue of £200 million a year.
Last month the accountancy firm released its Global M&A Predictor, which forecast a modest merger and acquisition appetite for the coming year.
The predictor forecasts corporate deal-making appetite by comparing forward price-to-earnings ratios from a year ago to the current ratios.
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