MERC Partners is the Irish member firm of IIC Partners

    IIC Partners has once again placed eighth in the annual revenue ranking of the world’s largest executive search organizations.

In the survey by New York-based Executive Recruiter News, IIC reported revenues of $137.9 million US, up six per cent from $129 million the previous year. IIC also reported 54 offices, worldwide.

“We’ve placed among the top 10 players in our industry, worldwide, for the past several years based on both revenue and geographic coverage,” said Paris-based IIC Board Chair Martine Bournerias.

“We’re pleased to have increased our revenues and retained our eighth-place global position despite a very unusual year. We actually reduced total office counts in 2007, a move we undertook to ensure continuity in the strategic direction of the organization. 

“In 2008, we expect significant geographic expansion, solid earnings among members and a return to double-digit gains in our percentage of revenue growth for the year,” Bournerias said.  “We’ve just added a new office — Contevenca of Caracas, Venezuela — and we’re talking with other prospective new member firms around the world.”

Bournerias said she believes it’s very important to participate in a revenue-based ranking because it’s a vital measure clients can use to assess the substance of consulting organizations. 

“There are between 40 and 50 organizations offering executive search services, either globally or regionally, and many of them have very large office counts,” Bournerias said. 
“But several of those with the highest office counts do not participate in revenue-based rankings — and we suspect they would not place well if they did. 

“We believe claims to global standing must be based on both revenue and geographic coverage, in order to be taken seriously,” she said. “Geographic reach is only important when it’s matched by performance in every office.” 

MERC Partners is the Irish member firm of IIC.

 

 

MERC Partners is the Irish member firm of IIC Partners

 
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