"Profession is through worst of times"
Source: Financial Times-Business of Consulting
From: UK

While we are not yet through the period of crisis, and the early signs of economic recovery remain pretty feeble, nonetheless something almost like optimism is beginning to emerge in some consulting firms. Dr. Michael Traem is quoted in the article saying; "We have experienced the worst and are already seeing clients migrate back from pure cost-cutting initiatives to strategy projects." He goes on to describe how the economic downturn has brought about a healthy rethink regarding his profession especially in relation to clients.