Growth at the firm was dominated by energy issues - from renewable energy to oil and gas to research in the nuclear power industry - and health issues like obesity. However, the firm now also recognizes a need to emphasize its new-media practice.
"It used to be all you needed to worry about was the digerati using new media," says CEO Gloria Dittus. "Now you have to worry about C-level executives [also]."
She projects that the election and the firm's work in the healthcare and energy areas will lead to a good year in 2008.
US headcount was 324 as of January 31, 2008, up 31% from the prior year. Senior hires included Betsy Neville (senior MD, Midwest), Jack Gutt (MD), Doug Donsky (MD), and Sophie Sohn (VP). Promotions included Ed Reilly, president and COO, US, and Gordon McCoun, vice chairman.
FD acquired a number of firms, including Ashton Partners in the US; Gravitas, based in Colombia and Panama; and Third Person Communications in Australia.
FD saw growth in New York and Chicago, the latter due to the Ashton acquisition.
Include corporate comms (distributed across 21% of accounts in the US), public affairs (24%), business consulting (26%), and capital markets comms, which was rebranded from its IR practice area (29%).
Key account wins included Adidas, Citadel, Transurban, and Investcorp. The firm also saw an expansion of some accounts, including HSBC and Tata Group. Over 80% of the firm's work is on retainer.
Global revenue was $185 million with a profit margin of $48.8 million before interest, taxes, depreciation, and amortization - a 32% increase over the previous year.
Principals: Charles Watson, group CEO, and Declan Kelly, US CEO (above)
Ownership: FTI Consulting
Subsidiaries: FD Dittus, FD Ashton Partners
Offices: Eight wholly owned offices in the US, 17 internationally; more than two dozen partly owned offices, and subsidiaries in EMEA and Asia-Pacific