@Partners - How bad 2020 covid-19 down turn is going to get for consulting business?

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As for now, we’re mostly back to business as usual. We’ll be implementing better contingency plans to deal with this better if/when it returns.

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Very dependent on firm. Mine is having its best year ever, though we’re still very cautious about the future.

It depends a lot on your industry concentration.

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Gotcha. Makes sense to me.

The way I see it, any level of performance where you can manage profitably without making painful personnel choices is a win.

We’re really lucky to be in a place where we’re still hiring (at least a little) and have not had to make tough decisions. Time will tell if next year ends up being similar.

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Certain areas will see robust growth. Restructuring and maybe M&A later this year.

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We’re expecting to be flat to slightly (1-2 pts) down this year. It’s a durable industry...

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This might have been asked multiple times, but wanted to hear leadership take on this, as you guys will have greater access to Covid-19 economic impact than us, and had been making business decisions. Few people are saying we will have 20-30% cut, few are saying worst is over.

Just want to plan my career with a realistic picture outside. I did got affected.

Depends on the firm, and the market your practice goes after specifically.

seems like consulting is doing ok.

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