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Management consulting industry set for disruption as global search firm launches independent consulting division
Odgers Interim, which is part of global executive search firm Odgers Berndtson, has the established management consulting firms in its sights after launching an independent consulting division.
The announcement from the UK’s leading interim management recruiter marks a significant development in the sector as new entrants challenge the way that strategic advice is purchased by companies and delivered by consultants.
Independent consulting sees professionals, who often begin their careers within a major consultancy group or accountancy firm, hire out their services at significantly lower rates for fixed contract periods.
Managing Partner, Chris Preston has been appointed to lead Odgers Interim Consulting. He joins from Page Group after ten years with the company that saw him hold a variety of senior management positions in London, Shanghai and Taipei.
Chris Preston said: “Advice lies at the heart of the relationship between a management team and its consultants. Businesses want comfort that the people who are critically evaluating their operations are able to deliver real value and have a cultural connection with the company. So the ability to form your own team of consultants is now seen as a priority, rather than a luxury.
Chris continued: “As businesses look for better value services, management consultancy is ripe for disruption and independent consultants are already making their mark. These interim professionals have the academic background, track record and prestigious training to compete at the highest levels, but the economics allows them to charge up to 50 per cent less than the fees of the major firms.”
Odgers Interim’s pool of independent consulting talent includes alumni of the top strategy firms such as McKinsey and the major accounting and consulting firms like Deloitte.
Chris is supported by Charlotte Gregson who began her career in consulting with LEK Consulting before moving to IMS Consulting Group in 2007. Most recently, Gregson was a manager at Eden McCallum LLP where she focussed on cross-sector talent management.
Charlotte added: “There is a rapidly growing pool of consultancy talent to pick from. We see consultants leaving the major firms as they did not aspire to the gruelling travel schedule, lack of work-life balance and time away from friends and family that the sector often demands. Instead, the greater flexibility on offer to choose your own clients, area of expertise and workload is attracting many to consider making the move to becoming independent”.
Grant Speed, Managing Director of Odgers Interim said: “We are delighted to be developing this business area and bringing the same rigour, quality and delivery associated with Odgers to this rapidly growing sector”.