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&lt;p&gt;Hello folks.  I know: for the last few weeks you have struggled mightily to cope without your go-to source for the most relevant and interesting consulting news the industry has to offer.  But fear not: your cruel drought has ended.  The news round-up is back on Consult THIS and better than ever.&lt;/p&gt;&lt;p&gt;Let&#39;s pick up right where we left off.  While there haven&#39;t been any Gupta-worthy blockbusters in the past few weeks, the biggest names in the industry have been as busy as ever.  And yes, McKinsey&#39;s fallen czar is among them.&lt;/p&gt;&lt;h3&gt;Gupta Scandal&lt;/h3&gt;&lt;p&gt;There&#39;s never any rest for the weary, and ex-McKinsey managing director Rajat Gupta is one tired old dog.  After Raj Rajaratnam, Gupta&#39;s &quot;co-conspirator&quot; in a massive insider trading scandal, was convicted on all counts earlier in May, the harsh media spotlight turned once again to Gupta and the prestigious consultancy that made his name.&lt;/p&gt;&lt;p&gt;Among the revelations: Gupta and Anil Kumar, himself a convicted insider-trader hailing from the McKinsey executive ranks, spent much of their stints at the firm running a &quot;secret side&quot; consulting shop - a lucrative idea, for certain, but one that goes very much against McKinsey&#39;s internal rules.  Further, Gupta spent a good deal of his time on McKinsey&#39;s dollar independently advising companies that weren&#39;t McKinsey customers.  This, and a few other choice allegations (one involving a wild retirement party with some bedazzled elephants) inspired &lt;em&gt;Bloomberg&lt;/em&gt; and the &lt;em&gt;Washington Post&lt;/em&gt; to declare that Gupta had &quot;secretly defied&quot; his former employer for years.  Others have suggested that Gupta led a &quot;double life&quot; as a sleazy self-serving business advisor.  Worse yet, they&#39;ve started propagating this possibly-doctored photo about the web.&lt;/p&gt;&lt;h3&gt;New faces&lt;/h3&gt;&lt;p&gt;After announcing last month that Barry Salzberg, formerly the company&#39;s head of consulting, would take the helm of the greater organization, Deloitte moved quickly to attach a new face to its consulting brand.  The newly-elected leader of Deloitte Consulting LLP is Jim Moffatt, a longtime Deloitte veteran and a sensible choice to succeed Punit Renjen, who leaves the post to serve as board chairman of Deloitte LLP (some brief field notes: Deloitte Consulting is the firm&#39;s consulting unit in the US and serves as the organization&#39;s flagship consulting division, while Deloitte LLP represents the broader brand in the US, including the firm&#39;s accounting division).  A firm statement highlighted Moffatt&#39;s direct experience consulting on business and IT projects across the world.&lt;/p&gt;&lt;p&gt;The top post at Big 4 mainstay KPMG also changed hands last month, as outgoing chairman Tim Flynn passed the baton to chairman-elect Michael Andrew.  While Flynn was something of an audit specialist, Andrew&#39;s background is in tax issues; of course, neither of those represent a nod to the firm&#39;s consulting strengths (compared to, say, Salzberg&#39;s election at Deloitte).&lt;/p&gt;&lt;h3&gt;By the Numbers&lt;/h3&gt;&lt;p&gt;Revenues at major consultancies continue to rebound after seeing recessionary declines over the last couple of years, imparting a sense of cautious optimism on the industry.  Booz Allen Hamilton, for example, announced near double-digit revenue growth for its fiscal year 2011, which wrapped up on March 31, having beaten its 2010 tally by more than 9 percent.  The firm reported impressive growth across its divisions, with its cyber and health units enjoying particularly robust development. Reason for caution remains, though, as fellow IT advisory big-swinger CSC might attest: Despite a decent overall year revenue-wise, CEO Michael Laphen admitted that 2011 had been a &quot;challenging&quot; fiscal year for the company.  Citing &quot;unexpected difficulties in the Nordics,&quot; (more on that to come) &quot;the NHS uncertainty,&quot; and &quot;delays in the Federal budgets,&quot; Laphen revealed just how much global struggles in the public sector have affected the big government players.&lt;/p&gt;&lt;p&gt;Thanks for stopping by.  There will be more to come.&lt;/p&gt;&lt;p&gt;&lt;strong&gt;For More Information&lt;/strong&gt;&lt;/p&gt;&lt;p&gt;McKinsey:&lt;br&gt; Gupta Secretly Defied McKinsey Before SEC Tip Accusation&lt;br&gt; Rajat Gupta BOMBSHELL: He And Anil Kumar Ran Secret Side Consulting Business While At McKinsey&lt;/p&gt;&lt;p&gt;Deloitte: &lt;br&gt;  Jim Moffatt Elected Chairman and Chief Executive Officer of Deloitte Consulting LLP&lt;/p&gt;&lt;p&gt;KPMG:&lt;br&gt; KPMG appoints Michael J. Andrew as Global Chairman&lt;/p&gt;&lt;p&gt;Booz Allen:&lt;br&gt; Booz Allen Hamilton Announces Fourth Quarter and Full Year Fiscal 2011 Results&lt;/p&gt;&lt;p&gt;CSC:&lt;br&gt; CSC Reports Preliminary Fourth Quarter Results&lt;/p&gt;

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