“Difficult Times Spur Wave of Change”
In the November 14, 2010 issue of The Financial Times, Booz & Company Partner Richard Rawlinson (Europe) said with revenues for the major management consulting firms growing modestly, the big growth areas globally are in the pharmaceutical and healthcare industries. “President Obama’s healthcare reforms are leading to a great expansion of this work in the U.S., and I’d be surprised if the N(ational) H(ealth) S(service) has a monopoly on providing healthcare in the UK in 10 years,” Rawlinson said. “We expect a rise in healthcare consulting overall.” Meantime, the article adds that growth-oriented projects for management consulting firms are starting to return, even with cost cutting in the public sector possibly leading to a boom in demand for their services.