PwC Keeps Lid on Pay for UK Partners as Consulting Demand Cools

PricewaterhouseCoopers LLP kept its pay almost flat for partners at its UK and Middle East business as consulting firms continued to weather a challenging environment.

Partners at the unit of the Big-Four consulting firm were paid an average £865,000 ($1.18 million) in the year to June 30, just slightly up from £862,000 in the prior 12 months, the company’s latest annual report showed.

The broader consulting services industry has been battling a slowdown in demand for its traditional services, with many of them cutting jobs to tide over the slump. A slowdown in deals over the past couple of years ...