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after some prelim research, it seems restructuring work is light because of the fines & Jay lawsuits. Can someone confirm if it’s more ops transformation work nowadays?
Standard script would be a legacy company seeing disruption / declining profitability. Sometimes there are balance sheet issues - minority of the time but not uncommon. Most frequently holistic transformations spanning cost, revenue, organizational health. Of course no two projects are the same - so the above will vary.
People have never been going to McKinsey for restructuring. Alix, a&m, FTI.
heard restructuring hires left as restructuring work was light, other types of work. agree with VP1, Alix in particular…