Over the last year, consulting firms have fought to stay afloat in the turbulence created by a global pandemic, an election cycle and waves of social change. Understandably, not all firms thrived in this climate. Some firms did see major wins, however, while others were forced to play defense and tend to their wounds. Consulting firms of all stripes are re-examining their businesses in an effort to adapt to today’s unexpected challenges. 

The Hinge Research Institute’s newly released 2021 High Growth Study: Consulting Services Edition describes these challenges and how firms have responded to them. The report looks first at overall industry trends within the larger context of the general professional services industry. It then compares the fastest growing consulting firms (those having a compound annual growth rate of 20% or greater over a three-year assessment period) with their slower, no growth peers.

379 consulting firms participated with a combined revenue of $20 billion and more than 60,000 employees.

Unfortunately, the consulting industry as a whole is lagging all other professional services industries in terms of overall revenue growth.


Rachna Raniga

Additional Resources

Want to see the full results of the 2021 High Growth Study: Consulting Edition? Purchase the full report here.