All eyes in the consulting industry are fixed on financial services sector, which acts as bellwether for the whole industry. The banks took the world into recession, but 18 months after the demise of Bear Stearns, the US investment bank, they are leading the consulting industry out of the recession.
The latest Quarterly Trends in Consultancy Buying report, from sourceforconsulting.com, which researches the consulting industry, found that while overall consultancy spend decreased by more than 25 per cent in the last six months, 27 per cent of financial services companies interviewed spent more, some by more than 50 per cent.
