PracticeConsultingConsultants see growth in 2010

Consultants see growth in 2010

Management Consultancies Association sees member firms' growth of 6% in the first half of 2010; with good expectations for the rest of the year despite public sector dropoff

The consulting industry grew 6% in the first half of 2010 compared with the
previous six months, according to the latest statistics from the Management
Consultancies Association (MCA).

In the same period for 2009, the industry contracted by 2%, so the latest
numbers show significant improvement.

“This is a successful start to the year for the consulting industry, and
anecdotally firms are reasonably confident that growth will continue through the
second half,” said MCA chief executive Alan Leaman.

He expects that lower demand for public sector services to be offset by
growth in financial services, and strategy and change management.

Nearly one third of MCA member firms said that their fee income from
financial services and manufacturing grew by more than 5% during the six month
period.

More than a half (57%) said they expect demand in financial services to grow
more than 5% in the second half of the year, over and above the current growth.

Accountancy Age
revealed
in July
that the Big Four accounting firms were planning strong
recruitment to boost their consultancy divisions.

Further reading:

Big
Four make plans for growth in consulting

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