SOURCE: Kennedy Consulting Research & Advisory

Kennedy Consulting Research & Advisory

November 10, 2009 16:42 ET

The Race Is on to Perfect a Global Crisis and Recovery Consulting Network

Kennedy Consulting Research & Advisory Examines the Competitive Landscape of the Crisis and Recovery Consulting Marketplace

PETERBOROUGH, NH--(Marketwire - November 10, 2009) - Demand for Crisis and Recovery consulting -- the advisory services that include turnaround, debtor resolution, creditor advisory and non-financial crisis services -- is expected to grow in all geographic regions through 2012, according to new research from Kennedy Consulting Research & Advisory, "Crisis and Recovery Consulting Marketplace 2009-2012: Key Trends, Profiles and Forecasts." This growth is fueled by extreme stress to business operations brought on by the global economic crisis, and a variety of other events such as food recalls.

Demonstrating higher immunity to fee pressures than most consulting areas, Crisis and Recovery advisory is seen as a growth engine within the overall global consulting marketplace. This has prompted a large number of consulting firms to enter the Crisis and Recovery market, adding to the mix real differences in both approach and capabilities.

"Many firms are in the fortunate position of having practices with double-digit growth," said Lynne Schneider, Associate Director of Research, Kennedy Consulting Research & Advisory and lead analyst of "Crisis and Recovery Consulting Marketplace." "However, it can be challenging for firms to have enough of the right types of C&R resources to win the engagements and complete them successfully."

When it comes to global coverage, no firm offering Crisis and Recovery consulting services has perfected its global network. While the Big Four are rapidly working to rebuild Crisis and Recovery capabilities in the U.S., three major US-based firms -- AlixPartners, Alvarez & Marsal, and FTI Consulting -- are making moves to expand their offices and affiliations globally. Kennedy analysts indicate that the seven largest practices dominating the Crisis and Recovery consulting market are working toward the goal of complete coverage. However, the question remains... Who will win the race?

"Crisis and Recovery Consulting Marketplace 2009-2012: Key Trends, Profiles and Forecasts" reveals the three strongest practices currently serving the Crisis and Recovery consulting market in "The Kennedy Vanguard of Crisis and Recovery Consulting Practices."

Twenty-one practices are evaluated in total, by both their breadth and depth of services. Practices assessed include: AlixPartners, Alvarez & Marsal, Baker Tilly, Bain & Co., BDO International, Begbies Traynor, CBIZ, Control Risks, CRG Partners, Deloitte, Ernst & Young, FTI Consulting, Grant Thornton International, Huron, KPMG, MorrisAnderson, Protiviti, Roland Berger, RSM International, and Zolfo Cooper.

Kennedy's proprietary study, "Crisis and Recovery Consulting Marketplace 2009-2012: Key Trends, Profiles, and Forecasts," analyzes the nature and state of client demand trends and current client spending, and forecasts demand growth through 2012, by Crisis and Recovery consulting sub-segment; client vertical industry (Communications & Media, CPG, Financial Services, Healthcare, Retail, Energy, Manufacturing, Public Sector, Utilities, Other); and key geographic region (North America, Europe/Middle East, Africa (EMEA), Asia Pacific, Latin America).

Analysis also details the nature of the competitive landscape, including a ranking of the 20 largest practices serving the market, by revenue.

About Kennedy Consulting Research & Advisory

Since 1970, Kennedy Consulting Research & Advisory, a division of Kennedy Information, has been the world's leading source of market analysis on the Management Consulting and IT Consulting industries, serving the most highly regarded professional services firms and Fortune 500 companies across the globe.

Kennedy provides accurate and reliable market sizing and forecasts for consulting services world-wide; needs analysis and vendor profiling for buyers of consulting services; timely and insightful intelligence on the top consulting firms in their respective markets; and operational benchmarks that measure consulting performance. Kennedy Consulting Research & Advisory's research spans multiple service areas, client vertical industries, and geographies. Kennedy's stand-alone consulting advisory unit, Kennedy Information Advisors, provides results-oriented strategic guidance to buyers and sellers of consulting services.

Contact Information