(By Richard Holway) In my Bearingpoint files for bankruptcy story yesterday I noted the difficulties facing other management consultancies in these troubled times. I was mainly referring to the firms like Bearingpoint with specific tech interests. But I note in The Times today – Now even consultants are feeling the squeeze – that the problems are as acute in the ‘pure plays’ too.
“Bain & Company, the Boston-based firm, has told its partners that it will delay paying a quarter of their bonuses for six months. McKinsey & Company has rolled over a third of last year’s bonuses to this year. Boston Consulting Group (BCG) has admitted that partner remuneration had fallen in the tougher economic environment.”
Further to the Bearingpoint story, there are reports that Accenture are looking to buy their Asia-Pac activities.
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