How do folks see travel changing for Senior Managers in M&A after COVID? It appears like clients are becoming more comfortable with remote working so I have to imagine they will push back on Mon-Thu every week going forward. Critical meetings will be needed but I feel like the days of 70% travel are behind us in more senior roles.

Thoughts?

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The partners in my group have talked about trying to tone travel back in normal times for mental health’s sake. With the last few months going seemingly well, I think our clients are growing more comfortable with remote working especially when it comes with savings tens of thousands of dollars over the course of an engagement

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Clients aren’t going to be super keen to start paying 15% more so we can travel. I think we’ll see manager+ travel massively reduced post-COVID

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Will likely be that way for 5-10 years before the same clients require us back M-TH LOL.

In all seriousness, with the cash strap and COVID lingering, I would be VERY surprised if they go back to wanting consultants to be on site, let alone travel anywhere close to every week.

There are clients that are mandating that their employees come back to the office, but the same demand from consultants when the company is saving money by not having them travel, is more unlikely! Time will tell!

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I do believe the days of 3 nights, 4 days away from home are numbered. Clients are getting comfortable in general on engaging with advisors remotely. However, There are notable exceptions in specific industries (e.g., Healthcare).

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FYI - this is for M&A consulting

Run a bath
Go to a pool
Sit in a toilet
Drop a gallon of liquid while standing up

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M&A cycles are delayed by 2-3 cycles after macroeconomic activities so we should feel it in 2021

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