Mar 29, 2005

Korn/Ferry or H&S ?

Seems like there is a big competition for capturing the attention for C level searches. First came this news item:

Korn/Ferry said Monday it has regained its position as the No. 1 executive search
firm in the United States and the world
, according torecently released rankings
from two trade organizations.Korn/Ferry, which ranked third in the United States
and second internationally a year ago, edged out Chicago-based Heidrick
&Struggles International Inc. (NASDAQ:HSII), which took the top spotglobally
last year, and Chicago-based Spencer Stuart, which was No. 1in the United States
last year.

And then Heidrick & Struggles came up with this on their website:

2004 year was a banner year for Heidrick & Struggles, particularly
in our work at the top. We successfully completed nine of 11 CEO searches
assigned to external advisors by Fortune 500-size U.S. companies. (Source: David
Lord, Executive Search Information Services) The impressive list of marquee
client companies where we placed CEOs in 2004 includes: ArvinMeritor, Baxter
International, Coca-Cola, Computer Associates, JC Penney, Kmart, Nike,
Owens-Illinois and Starwood Hotels.

On the whole looks like the high level search business is booming !

The 20 largest global retained executive search consulting practicesposted
a 25% gain in professional fee revenue in 2004, while the 40largest retained
executive search firms in the United Statesregistered a 21% gain in revenue,
according to the just-releasedannual search firm rankings issue of Executive
Recruiter News (ERN),whose publisher, Kennedy Information, Inc., has tracked the
globalbusiness of executive search since 1970.