The demise of Arthur Andersen, once one of the five biggest professional services group, was swift and brutal. Now, more than a decade on, another Arthur Andersen will rise from the ashes, only this time in France.

Yesterday Véronique Martinez, a co-founder and partner of the new version, gave an opaque description of how the professional services group might look. “Our new model is both bold and purposeful,” she said. “The name Arthur Andersen speaks for itself. We are as proud of our origins and ambition as we are humble in our way of doing business.”