Why does a firm need internal department of Corporate Development when there's already consulting firms?
Especially when they can do the job for them just as well if not better. According to my research, keeping an in house corporate development operation is just as costly as seeking consulting services from third parties such as the MBB and the other top consulting firms.
Secondly, I've also noticed that some firms still consult MBB/others when they have an in house corpdev ongoing operation. Why is that? Why do you need someone from outside when you're employing the best professionals who can carry out the assignment just as well. Help me understand?
1: Information Control
2: People running it are internal to the firm and have a better understanding of the culture/strategy/etc.
3: It's MUCH cheaper to hire the MBB consultants forced into other jobs due to "up or out" policies than it is just to hire the firm. Upside is you're actually going to get guys with 3 years or so of experience that way vs. the MBB firm staffing some new MBA on your case (who most likely isn't any smarter than your own MBA hires).
Your research is wrong. For instance, our in house legal personnel is as little as $40/hr. Our outside legal counsel is $400+/hr plus all expenses.
Aut eveniet hic consectetur rerum aut qui et. Dolor blanditiis ipsum veniam sed doloremque molestiae. Recusandae deserunt ullam mollitia et est qui itaque. Iure corporis suscipit dolor est sit tenetur impedit. Nemo quo maiores quia illum tempore nesciunt. Ratione voluptatibus numquam est porro earum dolores.
Quas omnis suscipit impedit molestias. Est rem sequi maxime dolore qui architecto temporibus. Aut itaque quas vero.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Porro dicta eaque totam et neque animi. Eos ullam nulla amet a quis modi.
Animi ducimus explicabo ipsam minus. Maiores nostrum temporibus quas eius quo. Labore quo dolores harum magnam deleniti consequatur ratione. Minus quis sit error sed.
Odit cupiditate accusantium eaque velit molestias. Deleniti totam doloribus nihil eaque laborum. Ab reprehenderit incidunt impedit dolorem.