/9918578/Banner

/9918578/Banner_2

/9918578/Mid

section

articleId

product

orgType

parrefer

accountID

Consulting

Banking

Accounting

Fintech

Internships

Rankings

Internship Rankings

Intern Resource Center

Explore Internships

Vault Law Home

Practice Area Resource Centers

Regional Resource Centers

Summer Program Resource Center

Vault Law Culture & Inclusion Survey

Vault Law

Guides

Events

Financial Services

Technology

Grad School

Work Relationships

Productivity

Diversity, Equity & Inclusion

Social Impact

Remote Work

Negotiating

Changing Jobs

Workplace Issues

Blog

Resume Samples

Cover Letter Samples

Interview Tips & Questions

A Day in the Life

International

Career Readiness

Explore Professions

Research Industries

Search Companies

Career Advice

Employers

Schools

&lt;p&gt;Dismayed by yesterday&#39;s frustrated post on consultants&#39; billing rates? 2010 may actually see some improvement in that area. I came across (this piece) from &lt;i&gt;Consulting&lt;/i&gt; magazine, which claims that overall consulting revenue may be on the up and up for 2010, due primarily to increased client demand. And what comes with increased client demand? Improvements in hourly fees for consultants and faster sales cycles, both contributing to an overall increase in revenue for consulting firms. &lt;p&gt;&lt;p&gt;According to &lt;i&gt;Consulting&lt;/i&gt;&#39;s survey of over 8,000 consultants, 61 percent of consultants believe they will be able to raise their average hourly rates in 2010, up from 34 percent of consultants surveyed just three months ago. Only 5 percent of consultants think their billing rates will decline in the next year.&lt;p&gt;&lt;p&gt;What this shows is a gradual balancing out of supply and demand for consulting services. Clients are seeking out consulting work at a greater rate now than in the past two years, and with fewer consultants around to get the job done, clients have less flexibility to bargain down the rates. But don&#39;t expect fees to shoot through the roof—a minor uptick, or even a leveling off, will be a sign of improvement for the industry, showing an overall lessening of pressure on consulting firms to keep costs down.&lt;p&gt;

Vault Consulting Editors

Article

KPMG’s AI Innovation Reward Program and What It Means for Consulting Careers

Why EY Is Experimenting with AI 'Synthetic Consumers' for Strategy Work

McKinsey and OpenAI’s Alliance: What It Means for Consulting Careers in 2026

How to Discuss AI Experience in Consulting Interviews

The Library