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Management Consultancy recruitment specialists Prism provide this occasional column examining some of the key trends impacting management consultants' careers.
Team moves - utopian vision or practical reality?
 
 In this week's column
Keith Evans, a Director
of Prism, comments on
the rise of team moves -
whereby a whole team
rather than an
individual moves from
one consultancy to
another.
   In some parts of the
financial services
industry "Team Moves"
have been an endemic
part of the recruitment
landscape for a number
of years. In management
consulting circles there
is an equally long,
though less widespread
 
 precedent and currently
a very strong demand for
such transactions from
both employers and
candidates alike.
   For an employer the
benefits are clear - the
ability to scale up
existing capabilities
quickly or to "bolt on"
new but complementary
offerings for their
client base will add
value. This competitive
advantage will be
magnified further if it
can be achieved at the
expense of a major
competitor! The
 
 potential revenue
streams and resources
will be clear and the
business case
unambiguous.
   Equally, for the
potential team members
there are compelling
arguments. At the more
senior levels an
opportunity to negotiate
their preferred
operating mandate and a
confidence in existing
capability and revenues;
at the more junior
levels an opportunity to
continue working with,
and learning from,
 
 existing mentors and to
maintain senior
sponsorship in a new
organisation.
   Clearly though, there
are potential hurdles
which can include:
   - Non-compete,
non-solicitation and
non-dealing restrictive
covenants within
contracts of
employment.
   - The potential
issues of who to involve
and at what stage of the
process, along with the
subsequent management of
the prospective
 
 interview process.
   - The preparation of
a compelling business
case and a proposition
to fit a specific set of
circumstances.
   With a good
understanding of the
practicalities and
pitfalls, these
potentially hazardous
waters can be
successfully negotiated,
turning your utopian
vision into a very
achievable goal.
  
 
 
The magic formula for winning more consulting fees in less time
 
 Utilisation and fee
rates are both on the
road to recovery in
today's rebounding
market.
   But structural
changes within both
consultancies and client
firms mean we must adapt
in order to thrive.
   These were the key
messages to emerge from
the enlightening session
"The 5 key steps to
winning more consulting
fees in less time",
attended by senior
consulting figures from
firms like Marakon
Associates, Aon
Consulting, Motorola and
Atkins Management
Consultants.
   Opening the event,
John Niland stressed the
importance of building
 
  
   
 
 
 
 
 
 
 
 
 
 health of just a few key
rainmakers.
   Later in the day
Fiona Czerniawska,
author of The
Economist's new book
Business Consulting,
revealed benchmark data
that demonstrated just
how much the industry
has changed in recent
years. For example the
ratio of consultants to
partners within the
industry has grown over
25% since the beginning
of the downturn in 2001,
whilst the ratio of
support staff to
consultants has fallen
by a similar percentage
over the same period.
   Over the same period,
firms have greatly
increased their reliance
on associate or
 
 freelance consultants,
permitting growth
without tying the firm
into long-term employee
costs. This was, of
course, during a period
spanning the downturn.
With the market
rebounding and the risk
of making permanent
hires now declining,
many firms are expected
to reverse this
dependence on external
consultants over the
next months, bringing
more consultants
in-house to streamline
costs.
   Aside from
resourcing, the next big
development Czerniawska
expects us to be talking
about is the growth of
collaborative
arrangements between
 
 consultancies - whereby
the firm to win a piece
of work is not
necessarily the firm
that provides all the
resources to carry out
the assignment.
   Possibly the most
eagerly awaited speaker
was Alan Gotto, Chair of
the IMC's Consultancy
Purchasing Group. It was
fascinating to hear his
insights into the
evolving client - firm
relationship.
Representing prolific
purchasers of
consultants' services
such as Shell, Barclays,
Royal Mail and the
Office of Government
Commerce, his views were
certainly attention
grabbing.
  
 
 an automated prospecting
"machine" to generate
client leads all
year-round. Generating
an automated stream of
client enquiries is the
only way to get over
this problem and Niland
revealed it's the
approach the smartest
consulting firms are
using to overcome the
feast-famine cycle and
to ensure the success of
the firm is not so
closely tied to the
 
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