- The coronavirus pandemic continues to impact the professional services industry, as firms see decreased demand for strategy consulting and increased need for restructuring services.
- FTI Consulting is expecting the bankruptcy boon to continue, execs said in Thursday’s earnings call, and has hired 431 restructuring professionals in the past year in anticipation.
- Firm execs are also starting to see litigation work take off, as more courts reopen and postponed matters move forward.
- FTI’s shares dropped nearly 12% Thursday as FTI trimmed its overall revenue guidance for 2020.
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Restructuring work lagged slightly during FTI Consulting’s third quarter, but the company is still hedging i…
Read the full article at: https://www.businessinsider.com/fti-consulting-hiring-restructuring-litigation-revenue-outlook-earnings-q3-2020-10