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I have never seen A&M in this space, Big 4 crushes
^A&M is right up there with the big 4 in terms of the quality of its FDD practice - their focus is on MM PE deals
Based on my experience (4 years in FDD primarily serving a top 5 PE and a large middle market PE), I have worked across the transaction from both about the same amount of times, maybe slightly more with A&M. KPMG was on the larger deals, but the majority of times I saw them it was with a large PE they advise. A&M is all over the middle market stuff and not sure if I ever saw them representing the same client. Couldn’t really speak to the cultures but I’m pretty sure A&M is just a bunch of folks recruited out of Big4 that wanted a little more in their paycheck.
For FDD (TAG) this is absolutely the case. Practice lead came from big4 and does not want to train people so they just take from big4.
A&M’s FDD practice is much smaller than KPMG or any BIG 4 hence market share is likely smaller. However, they get their fair share if not more. Comp is definitely better than KPMG/BIG 4 and culture depends on what you like.