RETAINED EXECUTIVE SEARCH FIRMS.Ranked by 1999 L.A. County revenues EXECUTIVE SUMMARY RETAINED executive search firms are employment consultants hired to fill senior-level positions, typically with starting salaries of more than $100,000. While contingency contingency n. an event that might not occur. search firms get paid only if and when they fill a position, retained firms charge a fee regardless of the outcome of the search. Although the Web business exploded ex·plode v. ex·plod·ed, ex·plod·ing, ex·plodes v.intr. 1. To release mechanical, chemical, or nuclear energy by the sudden production of gases in a confined space: last year, leading to a jump in demand for experienced executives, the hiring surge See power surge. SURGE - Sorter, Updater, Report Generator, Etc. IBM 704, 1959. Sammet 1969, p.8. didn't did·n't Contraction of did not. didn't did not didn't do seem to have much impact on the retained search business in L.A. County - combined 1999 revenues at the 15 companies on the list rose only 3 percent over 1998. This is due in part to competition from Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the sites, which allow job seekers job seeker also job·seek·er n. One who seeks employment. to post their resumes online, rather than pursuing the more traditional search firm path. Industries that traditionally use search firms include technology, Internet and manufacturing services. U.S. companies with international offices also frequently use search firms to locate executives willing to work abroad. THE PACESETTER HEIDRICK & STRUGGLES THE 20th century went out like a lion for Heidrick & Struggles. It not only acquired executive search firm Sullivan & Co., merged with European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. partner H.S h.s., n Latin phrase for “at bedtime”; used in writing prescriptions. .I. and launched an Internet recruiting This article or section may contain original research or unverified claims. Please help Wikipedia by adding references. See the for details. This article has been tagged since September 2007. initiative, its stock price has jump more than three times over its initial public offering price of $14 per share in March 1999. The company is now the largest retained executive search firm in the world. Founded in Chicago Chicago, city, United States Chicago (shĭkä`gō, shĭkô`gō), city (1990 pop. 2,783,726), seat of Cook co., NE Ill., on Lake Michigan; inc. 1837. in 1953, Heidrick and Struggles has more than 800 executive search professionals working in 70 locations throughout North and South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. , Europe Europe (y  r`əp), 6th largest continent, c.4,000,000 sq mi (10,360,000 sq km) including adjacent islands (1992 est. pop. 512,000,000). , the Middle East, Africa and Asia
Pacific. In the past year, Heidrick and Struggles has conducted more
than 6,110 searches for senior-level executives in all industries. It
recorded U.S. revenue growth of 34.3 percent in 1999 and worldwide
growth of 27.5 percent.The international demand for executive search services is increasing due to renewed re·new v. re·newed, re·new·ing, re·news v.tr. 1. To make new or as if new again; restore: renewed the antique chair. 2. business confidence in Mexico Mexico, city, Mexico Mexico or Mexico City, Span. Ciudad de México (Méjico), city (1990 pop. 8,236,960; 1991 met. area est. 20,899,000), central Mexico, capital and largest city of Mexico. and Brazil Brazil (brəzĭl`), Port. Brasil, officially Federative Republic of Brazil, republic (2005 est. pop. 186,113,000), 3,286,470 sq mi (8,511,965 sq km), E South America. , resurgence re·sur·gence n. 1. A continuing after interruption; a renewal. 2. A restoration to use, acceptance, activity, or vigor; a revival. of Asian economies and rise of the European Union European Union (EU), name given since the ratification (Nov., 1993) of the Treaty of European Union, or Maastricht Treaty, to the European Community as a technology economy. Thomas Mitchell Major Sir Thomas Livingston Mitchell (June 16, 1792-1855), surveyor and explorer of south-eastern Australia, was born at Grangemouth in Stirlingshire, Scotland. He was educated at the University of Edinburgh, but the poverty of his family following his father's death led him to , the firm's top executive in L.A. County, recognizes the threat of competition from dot-coms that serve job and employee seekers, but says these sites are really only effective for middle-market The term middle-market may refer to either a type of newspaper or a type of company. A middle-market newspaper is one that attempts to cater to readers who want some entertainment value from their newspaper as well as adequate serious coverage of significant news personnel. "High-caliber executive talent cannot be automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. or digitized," because "cultural fit is such a huge element" in placing top-level top-lev·el adj. 1. Of or relating to people of the highest office or rank. 2. Of or relating to the highest office or rank: a top-level job. management positions, he said.
Nancy Kissock
Rank Firm Revenues [1]
* name (L.A. County/total)
* address * 1999
* 1998
1 Heidrick & Struggles $12.5/$259
300 S. Grand Ave., Suite 2400 $12/$178
Los Angeles 90071
2 Spencer Stuart 6.2/165.7
10900 Wilshire Blvd., Suite 800 5.2/132
Los Angeles 90024
3 Cornerstone Intl. Group 6/170
P.O. Box 57407 5.2/161.5
Sherman Oaks 91413
4 cFour / ITP Worldwide 4.8/24
100 Wilshire Blvd., Suite 1840 3.4/16
Santa Monica 90401
5 Morgan Samuels Co. Inc. 4.6/0.4
9171 Wilshire Blvd., Suite 600 3.1/0.3
Beverly Hills 90210
6 DHR International Inc. 4.3/44
2029 Century Park East, Suite 1010 3.1/23
Los Angeles 90067
7 Wingate Dunross Inc. 3.66/3.81
5000 N. Parkway Calabasas, Suite 109 3.53/3.34
Calabasas 91302
8 Ryan Miller & Assocs. 3.2/N/A
4601 Wilshire Blvd., Suite 225 2.4/N/A
Los Angeles 90010
9 Rollo Assocs. 2.8/3.8
725 S. Figueroa St., Suite 440 3/3
Los Angeles 90017
10 The Wentworth Co. Inc. 2.6/3.2
479 W. Sixth St. 3.3/3.7
San Pedro 90731
11 Chrisman & Co. Inc. 2.6/2.6
350 S. Figueroa St., Suite 550 2.5/2.5
Los Angeles 91107
12 Ray & Berndtson 2.5/34.2
2029 Century Park East, Suite 1000 2.5/32.5
Los Angeles 90067
13 Stanton Chase International 2.5/11.6
10866 Wilshire Blvd., Suite 870 2.48/12
Los Angeles 90024
14 AT Kearney Executive Search 2.1/45
500 S. Grand Ave., Suite 1780 2.4/41
Los Angeles 90004
15 Berkhemer/Clayton Inc. 2.1/2.1
221 S. Figueroa St., Suite 240 1.67/1.67
Los Angeles 90012
Rank Profile Annual Salary
* # executives placed [2] * minimum
* L.A. Co. recruiters * maximum
* search area
1 NA $150,000
12 no limit
international
2 33 200,000
6 no limit
international
3 24 150,000
6 no limit
international
4 80 150,000
10 no limit
international
5 52 120,000
12 no limit
international
6 NA 60,000
NA no limit
international
7 145 75,000
18 no limit
international
8 100 75,000
7 400,000
national
9 30 150,000
3 1 million
national
10 800 40,000
20 250,000
national
11 70 100,000
3 no limit
national
12 45 150,000
4 no limit
international
13 54 100,000
5 no limit
international
14 24 120,000
4 1 million
international
15 40 90,000
11 400,000
California
Rank Industries in Which Other
Executives Are Placed * headquarters
* offices (L.A. County/
companywide)
* year founded [3]
1 all industries Chicago
2/23
1961
2 entertainment & media, Chicago
Internet, financial ser- 1/13
vices, consumer goods, 1978
life sciences, high tech,
energy, general industries
3 all industries Los Angeles
3/45
1967
4 high technology, digital media, Los Angeles
broadband/telco., Internet commerce, 1/6
venture capital, entertainment 1996
5 all industries Beverly Hills
1/2
1969
6 all industries Chicago
3/47
1998
7 attorneys, finance/ Calabasas
investments, healthcare, 1/2
energy, high technology 1983
8 e-commerce, entertainment, Los Angeles
manufacturing, retail, financial, 3/3
banking, accounting 1976
9 board, CEO, president, senior Los Angeles
executives in multiple industries 1/1
1992
10 all industries San Pedro
1/1
1984
11 financial services Los Angeles
1/1
1980
12 all industries Fort Worth
1/8
1968
13 new media, IT/software/telecom, Amsterdam
financial services, FMCS, 2/10
bio-pharmaceutical, real estate, 1980
manufacturing, venture capital,
professional services
14 technology/e-business, financial Chicago
institutions, media/entertainment, 1/13
CIO, consumer products, 1976
manufacturing/industrial,
education, nonprofit
15 finance, PR/communications, marketing, Los Angeles
human resources, consumer products, 1/1
entertainment, retail, industrial 1994
Rank Marketing Top Local Executive
Contact * name
* title
* telephone number
1 Rebecca Herbster-Chen Thomas Mitchell
managing partner
(213) 625-8811
2 Kelley Allen Michael C. Bruce
managing dir., L.A. office
(310) 209-0610
3 Timothy Goodwin William Guy
chairman, ceo
(818) 763-2514
4 Jennifer Happillon Robert W. Bellano
director
(310) 394-2639
5 Alberto Pimentel Bert C. Hensley
president/ceo
(310) 278-9660
6 Bruce Babashaw/ B. Babashaw/J. Wasley
John Wasley managing dirs.
(310) 789-7333
7 Julian B. Schor Julian B. Schor
senior partner
(818) 222-9800
8 Roger Miller Lee Ryan
president
(323) 938-4768
9 Robert S. Rollo Robert S. Rollo
managing partner
(213) 688-9444
10 Richard Widuch John Wentworth
president
(800) 995-9678
11 Timothy R. Chrisman Timothy R. Chrisman
president
(213) 620-1192
12 Susan Endsley [4] Scott Somers
managing partner
(310) 557-2828
13 Edward J. Savage Edward J. Savage
chairman, managing dr.
(310) 474-1029
14 Jack Groban Jack Groban
v.p., mng. dir., Amer. W. region
(213) 689-6800
15 Betsy Berkhemer- Betsy Berkhemer-Credaire
Credaire president
(213) 621-2300
NA - Not available N/A - Not applicable (1.) In millions (2.) In L.A. County in 1999 (3.) In L.A. County (4.) Firmwide contact (817) 334-0500 Note: The information in this list was supplied by representatives of the firms themselves. Retained search firms are ranked by 1999 revenues derived de·rive v. de·rived, de·riv·ing, de·rives v.tr. 1. To obtain or receive from a source. 2. from L.A. County search operations and 1999 companywide revenues, respectively. Bench International, Korn/Ferry Korn/Ferry International, headquartered in Los Angeles and founded in 1969 by Lester Korn and Richard Ferry, is the world's largest executive search firm with 70 offices in North America, Europe, Asia/Pacific, Latin America, the Middle East and South Africa. International, Russell Russell, English noble family. It first appeared prominently in the reign of Henry VIII when John Russell, 1st earl of Bedford, 1486?–1555, rose to military and diplomatic importance. Reynolds & Assocs. and TMP TMP (thymidine monophosphate): see thymine. Worldwide may have qualified for the list, but the firms were unable to disclose L.A. County revenues. This survey was completed during the week of March 13, 2000. To the best of our knowledge, this information is accurate as of press time. While every effort is made to ensure the accuracy and thoroughness of the list, omissions and typographical errors typographical error - (typo) An error while inputting text via keyboard, made despite the fact that the user knows exactly what to type in. This usually results from the operator's inexperience at keyboarding, rushing, not paying attention, or carelessness. Compare: mouso, thinko. sometimes occur. |
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