StoneTurn Company Profile

Background

Founded in 2004, StoneTurn is a global professional services firm specializing in forensic accounting, compliance and risk management, investigations, and business disputes. The firm collaborates with law firms, corporations, and government agencies to address complex business challenges. With offices across five continents, StoneTurn is recognized for its commitment to collaboration, integrity, and independence.

Key Strategic Focus

StoneTurn's strategic focus encompasses:

Forensic Accounting and Investigations: Providing expertise in financial investigations and dispute resolution.

Compliance and Risk Management: Assisting organizations in developing and assessing compliance programs and internal controls.

Data and Technology: Leveraging advanced data analytics and forensic technology to address cybersecurity threats and data privacy concerns.

Economic and Dispute Advisory: Offering economic consulting and expert testimony in litigation and arbitration matters.

Strategic Business Consulting: Providing insights and strategies to navigate complex business environments.

The firm serves a diverse range of industries, including automotive, construction, energy, financial services, healthcare, private equity, retail and consumer goods, technology, and telecommunications.

Financials and Funding

As of December 2024, StoneTurn's annual revenue is estimated to be $52.5 million, with approximately 217 employees. The firm operates as a privately held entity and does not publicly disclose specific funding details.

Technological Platform and Innovation

StoneTurn integrates advanced technologies to enhance its service offerings:

Forensic Technology: Utilizing state-of-the-art tools for data collection, analysis, and preservation to support investigations and litigation.

Cybersecurity and Data Privacy: Implementing cutting-edge solutions to mitigate cyber threats and ensure data protection.

Data Analytics: Employing sophisticated data analysis techniques to uncover insights and support decision-making processes.

The firm's commitment to innovation is demonstrated by the recognition of its professionals in technology leadership roles. In 2024, Consulting Magazine honored several StoneTurn leaders for their contributions in client service, leadership, mentorship, and technological innovation.

Leadership Team

StoneTurn's leadership comprises experienced professionals with diverse backgrounds:

Brad Wilson: Managing Partner, leveraging nearly two decades of experience in forensic accounting to advise on complex financial, accounting, valuation, and compliance matters.

Eric Hines: Partner with over 20 years of experience in forensic accounting, controls and compliance, and dispute consulting engagements.

Luke Tenery: Partner specializing in cybersecurity, data privacy, and digital risk management, with over 20 years of experience.

Tanya Bodell: Partner leading energy and sustainability offerings, with more than 25 years of experience in energy industry matters.

Chris Hoyle: Partner with nearly 20 years of experience in fraud and compliance risk management and forensic accounting.

These leaders have been recognized for their excellence in various domains, including client service, cybersecurity, ESG, and regulation and compliance.

Leadership Changes

In recent years, StoneTurn has expanded its leadership team to enhance its service capabilities:

2024: Hired Steve Kopeck as Managing Director in the Cyber Risk Practice.

2024: Welcomed Stefan Boedeker as Partner, specializing in economics and statistics.

2023: Partnered with TRM Labs Inc. to enhance crypto investigations and litigation support offerings.

2022: Appointed Snežana Gebauer as Partner, bringing expertise in investigative consulting.

These strategic appointments reflect StoneTurn's commitment to addressing emerging challenges in cybersecurity, economic analysis, and investigative services.

Competitor Profile

Market Insights and Dynamics

The professional services industry, particularly in forensic accounting, compliance, and investigations, is experiencing growth due to increasing regulatory scrutiny and the complexity of global business operations. Organizations seek specialized expertise to navigate legal challenges, manage risks, and ensure compliance with evolving regulations.

Competitor Analysis

StoneTurn operates in a competitive landscape alongside firms offering similar services:

Guidepost Solutions: Specializes in compliance, investigations, and security consulting.

Protiviti: Provides internal audit, risk, business, and technology consulting.

Nardello & Co.: Focuses on investigative services and intelligence gathering.

Control Risks: Offers risk management and strategic consulting services.

Aon: Provides a range of risk, retirement, and health solutions.

Ankura: Specializes in business advisory and expert services.

FTI Consulting: Offers a broad range of consulting services, including forensic and litigation consulting.

Kroll: Provides risk and financial advisory solutions.

Intertek: Specializes in assurance, testing, inspection, and certification services.

Exiger: Focuses on regulatory, financial crime, risk, and compliance solutions.

Deloitte: Offers a wide array of professional services, including audit, consulting, tax, and advisory.

Berkeley Research Group (BRG): Provides advisory and expert services in disputes and investigations.

These competitors vary in size, service offerings, and market focus, contributing to a dynamic and competitive industry environment.

Strategic Collaborations and Partnerships

StoneTurn has engaged in strategic collaborations to enhance its service offerings:

TRM Labs Inc. Partnership: In 2023, StoneTurn partnered with TRM Labs to bolster its capabilities in cryptocurrency investigations and litigation support, addressing the complexities of the evolving digital asset landscape.

These partnerships reflect StoneTurn's proactive approach to expanding its expertise and addressing emerging client needs.

Operational Insights

StoneTurn differentiates itself through a "one-firm" approach, assembling the best team for each project and fostering a collaborative culture. The firm's commitment to hands-on client service and long-term relationships positions it favorably in the market. Employee reviews highlight a positive work environment, with a 4.5 out of 5-star rating on Glassdoor, indicating high levels of employee satisfaction and a strong organizational culture.

Strategic Opportunities and Future Directions

Looking ahead, StoneTurn is poised to capitalize on several strategic opportunities:

Cybersecurity Expansion: With increasing cyber threats, StoneTurn's enhanced cybersecurity practice positions the firm to assist clients in mitigating digital risks.

Data Analytics and AI Integration: Leveraging advanced data analytics and artificial intelligence can provide deeper insights and more effective solutions for clients.

Global Expansion: Continued growth in international markets, particularly in the ASEAN region, offers opportunities to serve a broader client base.

Regulatory Compliance Services: As regulations evolve, there is a growing demand for compliance and risk management services, an area where StoneTurn has established expertise.

By focusing on these areas, StoneTurn aims to strengthen its market position and continue delivering value to its clients.