Deloitte reviews

They do not do command and control very well. They have great room for improvement and change but while they may have very talented people recommend the "right solution" they may be their own worse enemy by not following through in areas of efficiency and cost savings. They hesitate to make solid rules and enforce them; ones that could improve the business. Being a partnership is a negative because there are no mandates like buying from one source or following policies that would promote process improvement.

The partnership structure creates an artificial and highly negative two-caste culture and mentality in the organization. The partners by and large make way too much money: in the private sector, most of them would have to take a 50% pay cut or more. Additionally, there is an excessive emphasis on billable hours, selling, bringing in revenues, which is at odds with the desire of the organization to continue being viewed as "different" from an ordinary "business" -- to be thought of as professionals acting in the public good. (That said, though, the organization mostly does make a positive contribution to, e.g., the transparent and fair functioning of the capital markets.)