FTI Consulting is a global professional services firm that helps corporations, law firms, private equity firms, and governments navigate crises, disputes, investigations, and major business transformations. FTI employs roughly 6,400 billable professionals — including economists, forensic accountants, technologists, and communications experts — deployed on high-stakes engagements. The firm operates across five segments: Corporate Finance (~41% of revenue), which covers restructuring, M&A advisory, and operational transformation; Forensic and Litigation Consulting (~20%), which covers investigations, cybersecurity, fraud, and dispute advisory; Economic Consulting (~19%), primarily the Compass Lexecon subsidiary providing antitrust economics and expert testimony; Technology (~10%), focused on e-discovery and litigation support; and Strategic Communications (~10%), covering crisis and financial communications. FTI bills clients primarily on a time-and-materials basis, so revenue is driven by headcount, utilization, and bill rates. Because most costs are fixed in the short term, small revenue swings have an outsized impact on profit. Some work is countercyclical — restructuring and investigations rise in downturns — while M&A and transformation work is procyclical, giving FTI natural diversification. Senior professionals drive business development, and law firm referrals are a critical channel. FTI's growth strategy centers on attracting senior talent, sometimes accepting short-term P&L dilution as new hires ramp up, and expanding geographically by building practices in new markets.
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