Professionals (Long Consolidation)

A few weeks ago we noted a Bloomberg piece wherein restructuring professionals, e.g., FTI Consulting Inc., complained about a dearth of deals and a bevy of competition. One way to do away with some of the competition is to join it and that is precisely what FTI is doing with its announced acquisition of CDG Group. To recap, a prolific segment of FTI escaped to greener pastures at Berkeley Research Group. Now FTI has found (potential) replacements (and has upsized headcount further). We love musical chairs. Werk, werk, werk, werk, werk.