I ran across an article in CFO Magazine, June 2010 that I found to be on point. See http://cfo.com/article.cfm/14499509/2/c_14499796.
There's no question in my mind that the larger firms are struggling with their fee structures in light of the overhead they have and the hangover from SOx 404 fees. So, a logical option is to staff projects with less qualified professionals-'NO YOU SAY'? Yes-that will be inevitable. And in my experience, many of the best people have already left the firms and moved to industry or other roles.
Keep on keeping on...
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