Crisis and Recovery consultancies realign resources to meet a rapid increase in demand

The natural rate of business failures, coupled with the global recession and liquidity crisis has created sharp increases in demand for Crisis and Recovery advisory. Practices have responded in different ways by increasing capacity, some exposing proficiency shortfalls in an effort to capitalize on client needs.

Demonstrating greater immunity to fee pressures and higher velocity of consulting talent than most practice areas, Crisis and Recovery advisory is an anomaly within the overall global consulting marketplace. Kennedy findings indicate another critical area of differentiation in this service area is the need to construct a global Crisis and Recovery consulting network, pointing to Lehman Brothers as a case in point.

Kennedy’s research, Crisis and Recovery Consulting Marketplace, provides details on the current strength of demand for Crisis and Recovery consulting services and growth rates forecasted through 2012, on three critical levels:

An asset to both advisory practices and the client community (including law firms, creditors, and equity firms) Crisis and Recovery Consulting Marketplace provides in-depth analysis on, and rankings of, firms capable of meeting clients’ most pressing demands. In addition, it offers insight into which Crisis and Recovery segments and service lines hold the highest levels of client demand. Key findings of this research include: