What caused Kearney to grow so much this past year? Most firms are down or steady on revenue and Kearney has grown 20%

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Kearney does a lot of ops and transformation work which has been very beneficial to us this year. Not sure that I would attribute it to “good luck” or “the marketing department,” but whatever makes you feel better about your own company!

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K2 hit the nail on the head. In times of market instability, many clients only care about bottom line. This is where we thrive as a firm

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Probably just good luck. The firm isn’t huge so a good run of project wins could show up as strong growth. If McK had one those projects it would not have moved the needle much.

likefunny

20% YoY revenue growth is entirely possible and sounds like it is more or less true based on posters from K. That said, I’d love to know how margins trended alongside top-line growth. That’s obviously non-public information, but imo probably the more important metric.

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We are a globally integrated partner owned firm and one partner one vote.

Given no outside owners, the important metrics are driven by what we as owners decide.

Having said that, yes…

The post partner distribution margin and partner distribution are doing better over the past few years, but we are just getting started.

It’s within the realm of possibility for sure. I used to work there. For a long time, the firm basically grew with inflation but has had a strong 4-5 year run under Alex now with growth typically in the teens (from the last data I personally saw).

As for this year, Kearney has a strong footprint in the Middle East, which has not at all seen the slowdown in North America. NA is probably doing decent this year as well just given their focus on cost cutting and procurement - companies would love to shed money right now.

The 20% figure is likely almost all driven by the Middle East. North America still seems relatively slow (although better than most other firms) given they’ve pushed back start dates, pushed people off to b school ASAP, etc.

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Are you sure that's accurate...?

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Strategic operations and supply chain

No proof behind this, but it feels like they hadn’t had as many scandals as other firms recently, are pretty old, and have well rounded competent folks. Those things would be helpful for growth when their competitors struggle at some of those things

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Fwiw we grew at a healthy clip in terms of revenue this year as well, we just have too much headcount

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Maybe lighter presence in some of the industries hit hard in the downturn? Like Life Sci has been bad lately and I thought K was lighter in LS industry?

I was going to say - our NA growth rate YOY is ~15-18%, so this isn’t that crazy

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