Slalom Consulting to expand after 'phenomenal year'
Posted on Tuesday, February 22, 2011 5:57:10 PM GMT | Post a comment
AUTHOR: Sam Reynolds
This morning, the folks at Slalom Consulting made public the company's financial results for fiscal year 2010. After a highly successful year, the firm has reported "record revenue" of $209 million and an employee headcount just north of 1,000 for the first time. John Tobin, co-founder and national general manager of the Seattle-based IT and strategy outfit, was keen to hail the year as a positive omen for more record-breaking achievements to come. "We had a phenomenal year," Tobin said in a press release. "I couldn't be happier with our team's performance. During difficult economic times, we really stepped up and delivered on our mission to help our clients win on their most strategic initiatives."
Slalom's $209 million revenue haul marks a 46 percent increase from revenue in 2009, a remarkable increase for a firm of its size. Slalom has grown rapidly since its conception in 2001, hitting the 1,000 employee mark midway through 2010, and firm execs see last year's superb performance as a jumping-off point for further growth. In fact, this morning's press release asserts that Slalom "is expecting to hire more than 400 new employees in 2011."
Not only will consulting candidates see a nationwide roll-out effort from Slalom recruiters this year, the firm has targeted New York City as the site of a soon-to-be headquarters on the East Coast for this traditionally Western consultancy. The release confirms: "Slalom plans to continue its geographic expansion strategy by opening a New York office in 2011."
This round of good news from the Slalom camp is but the latest development in the firm's rise from anti-Big Four start-up (co-founder Tobin is an ex-Ernst & Young consultant) to darling consultancy; in just ten years the firm has garnered an impressive collection of industry awards, with its unique local (nearly 100 percent travel free) consulting model drawing attention from Consulting Magazine and, of course, Vault. CEO Brad Jackson reserved special praise for company culture, which he believes is a major factor in Slalom's meteoric rise. "I am thrilled to see the aggressive investments we are making in building solutions that will help our Fortune 500 clients implement their strategies," he said of the financial results. "We are truly creating a one-of-a-kind business model where our clients, employees, families, friends, strategic partners and communities all win."
About the Author
Sam Reynolds is Vault's consulting editor, covering the latest news and trends affecting the consulting industry, as well as providing insight and thoughtful discussion. Formerly a newspaper writer and reporter, Sam graduated from the College of Charleston with a BA in English.
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