Alvarez & Marsal (A&M)
Independent global professional-services firm providing turnaround management, restructuring, performance improvement and tax advisory without audit conflicts.
- Highest 2026 tier: Tier I
- Global professional-services and turnaround firm
- 7 Advisory Ranking categories
Overview
Alvarez & Marsal is a privately held professional-services firm founded in 1983. Its restructuring heritage is central to a platform serving companies, boards, creditors, private-equity firms, law firms and governments.
The firm combines operational and financial restructuring, interim management, performance improvement, corporate finance and an independent global tax practice. Its restructuring tax team advises debtors, creditors and acquirers in complex transactions.
Alvarez & Marsal (A&M) is included in 7 2026 Advisory Ranking categories. The highest recorded classification is Tier I.
Firm facts
| Legal name | Alvarez & Marsal Holdings, LLC |
| Founded | 1983 |
| Firm type | Global professional-services and turnaround firm |
| Principal offices | New York, London, Paris, Munich, Dubai, Riyadh, Hong Kong, Singapore, Sydney, Toronto, São Paulo |
| Primary focus | Restructuring, performance improvement and tax advisory |
| Co-founder and co-chief executive officer | Bryan P. Marsal |
| Highest 2026 Advisory Ranking tier | Tier I |
Principal activities
Restructuring and turnaround
Financial and operational restructuring, cash management and stakeholder negotiations.
Interim and performance leadership
CRO, CFO and other executive roles alongside rapid performance improvement.
Tax advisory
Corporate, transaction and restructuring tax advice delivered independently of an audit practice.
Alvarez & Marsal (A&M) works with clients on assignments that may combine strategy, specialist analysis, implementation support and organizational adoption. The precise scope depends on the mandate, sector, geography and client requirements.
Sector and mandate coverage
Sector coverage
- Industrials
- Consumer and retail
- Energy
- Healthcare
- Financial services
- Technology
Mandate types
- In-court restructuring
- Out-of-court restructuring
- Turnaround plans
- Interim management
- Restructuring tax
- Distressed transactions
Market position
Alvarez & Marsal (A&M) is positioned as a global professional-services and turnaround firm. Its market position reflects the combination of advisory scope, senior involvement, stakeholder credibility, restructuring experience and ability to support implementation.
Distinctive focus: Operator-led restructuring and implementation supported by a global tax and performance-improvement platform.
Competitive context
Alvarez & Marsal (A&M) competes with restructuring boutiques, investment-banking advisers, turnaround consultants and multidisciplinary expert-services firms. The relevant peer set changes according to mandate size, stakeholder side, industry, geography and whether the work requires operating leadership, regulated securities activity or formal fiduciary appointments.
Comparable firms are selected according to overlap in business model, client segment, service coverage, geographic activity and mandate profile. Inclusion does not imply equivalence in scale, ranking or market position.
Leadership
| Person | Current position | Institutional background |
|---|---|---|
| Bryan P. Marsal | Co-Founder and Co-Chief Executive Officer | Firm leadership and restructuring heritage |
| Ernesto Perez | Global Practice Leader, A&M Tax | Global tax advisory leadership |
| Howard Steinberg | Head of Global Restructuring Tax Services | Tax advice for debtors, creditors and distressed transactions |
Leadership information reflects the public sources reviewed for this profile. View the firm’s website ↗
Corporate and regulatory information
A&M operates through regional legal entities and specialist affiliates. Advisory, tax and securities-related activities are subject to the rules applicable to the relevant entity and jurisdiction.
View registered-entity details
| Parent organization | Alvarez & Marsal Holdings, LLC |
| Tax practice | Alvarez & Marsal Tax |
| Regulatory status | Jurisdiction- and service-specific |
| Primary jurisdiction | United States |
Principal offices
- New York
- London
- Paris
- Munich
- Dubai
- Riyadh
- Hong Kong
- Singapore
- Sydney
- Toronto
- São Paulo
Rankings and recognition
Ranking inclusion is editorially determined. The existence or maintenance of a Wiki profile does not influence ranking eligibility, tier or position.
Related Economy analysis
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- How AI Is Reshaping the Consulting Industry in 2026
Related institutions and subjects
Sources and data transparency
The profile is based on the following publicly available institutional, regulatory and editorial sources:
- Restructuring & Turnaround — restructuring and turnaround capabilities.
- About A&M — history, ownership and global scale.
- Restructuring Tax appointment — tax-practice scope and leadership.
- Advisory Ranking — Top 30 Restructuring & Special Situations Advisory 2026 — inclusion and tier classification.
- Advisory Ranking — Top 30 Corporate Tax Advisory 2026 — inclusion and tier classification.
- Advisory Ranking — Top 30 Operational Turnaround Advisory 2026 — inclusion and tier classification.
- Advisory Ranking — Top 30 Financial Crime & Compliance Advisory 2026 — inclusion and tier classification.
- Advisory Ranking — Top 30 Regulatory & Enforcement Advisory 2026 — inclusion and tier classification.
- Advisory Ranking — Top 30 Investigations & Forensic Advisory 2026 — inclusion and tier classification.
- Advisory Ranking — Top 30 Financial Due Diligence (FDD) Advisory 2026 — inclusion and tier classification.
