Things are very slow now, any opinion on when things might pick up?

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I don't know why folks think activity will just magically pick back up in 2024.

Rates are high, public stock deals are down when your trading price is repressed, private stock/rollover deals are down if you had raised any money in 20-21 in sky high valuation where your current investors don't want to raise a down round and the sell side thinks you're stupidly overvalued then asks for a stupid amount of equity (see Databricks <> Mosaic), customer churn/downsells are up, COGS are up, expenses are up. There isn't just a magic catalyst to fix all the issues for clients

Unless you're doing middle east or APAC PE deals, 2024 is going to be the same theme. Clients aren't going to spend money on M&A consultants if they aren't doing M&A lol

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Fy24 Q1

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Fair enough! feb or March of 24

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Q1 next year. You need to expand your network though. There’s a partner/director in Deloitte US somewhere bringing in deals still & you need to let them know who you are.

As you know Big 4 doesn’t pay you to be on the bench for long.

What’s the average utilization for your level? You never want to be below that regardless of the economy or you’re at risk.

Tough stuff but it is what it is in this line of work.

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Agreed, super slow. Utilization will be <50% this year..

wow that bad?

If I knew, would be on a super yacht in the Bahamas drinking champagne asking the captain to take my family and friends (and of course myself) to the next island, followed by holiday blues in one of my 7 mansions. Across the world.
But I don’t so I can’t help you there buddy.

In deal-making space, in 6-9 mths depending on the cost of money (interest rates)

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