Nick Adams

Why I'm Adding to Huron Consulting

Mark, to be clear, what Huron calls financial consulting is purely litigation support. Furthermore, much of the litigation work that they do is driven by the DOJ, and would not be sensitive to a downturn in the economy.

I don't think that Accenture can provide an accurate comparison. First, over 1/3 of Accenture's business is BP outsourcing. Second, it is much easier to grow when your project teams are measured in the hundreds. Accenture has more consultants ar their largest clients than Huron has total consultants. The nature of Huron's work will never allow for this.

Why I'm Adding to Huron Consulting

Huron is a $15 stock. Even its current valuation relies heavily on almost impossible growth. Consulting firms just don't continue to grow at such a fast rate. It is very different to double your size when you are 200 consultants; it is another when you are 1000. Furthermore, Huron is a not a restrucuting play. This a is a small part of their business. They are a litigation support firm with a few other niche practices.