Heidrick & Struggles' Asia Pacific Region Grows by 55.0 percent in 2007 Third Quarter

Heidrick & Struggles' Asia Pacific Region Grows by 55.0 percent in 2007 Third Quarter

November 15, 2007

    SYDNEY, Australia, Nov. 15 /Xinhua-PRNewswire/ -- The
Asia Pacific region operations of Heidrick & Struggles
posted a 55.0 percent increase in net revenue in the
quarter ended September 30, 2007, with slightly reduced
margins reflecting headcount and investments being made to
further accelerate growth.    

    The company reported regional turnover of $US22.5
million ($A24.5 million) for the quarter while operating
income was $US4.9 million ($A5.3 million), up 10.7 percent
from the same period a year ago.

    Asia Pacific Managing Partner Gerry Davis says business
is strong across all Asia Pacific offices with financial
services, industrial and consumer sectors leading the way.

    "We are experiencing a significant increase in
demand for leadership assessment and succession planning,
which is driving growth in the chief executive officer and
financial services practices across the region," Davis
says.

    The number of consultants has increased by 21 since
last year at this time. The firm has made changes to the
regional leadership team with the appointment of Ron Graham
as partner-in-charge of Australia and New Zealand, Jerome
Bucher and Li-Ming Wen as partners-in-charge of Shanghai
and Beijing respectively and Tek Yew Chia as
partner-in-charge of Singapore.

    "With additional hires planned for 2008, these
offices are now of sufficient size and strategic importance
to merit their own leaders who will accelerate the
development of the CEO/board of directors practice, working
closely with our leadership consulting practice," Davis
says.

    Consolidated quarterly net revenue for the entire firm
increased 30.7 percent to $US162.9 million ($A177 million).
Consolidated operating income increased 44.9 percent to
$US25.5 million ($A27.7 million) and net income increased
44.7 percent to $US16.1 million ($A17.5 million).

    Based on the nine-month results, the company increased
its forecast for 2007 net revenue to $US600-610 million
($A653 million to $A663 million), up from its previous
guidance of $US580-595 million ($A627 to $A643 million).   


    About Heidrick & Struggles International, Inc.

    Heidrick & Struggles International, Inc. is the
world's premier provider of senior-level executive search
and leadership consulting services, including talent
management, board building, executive on-boarding and
M&A effectiveness.  For more than 50 years, we have
focused on quality service and built strong leadership
teams through our relationships with clients and
individuals worldwide. Today, Heidrick & Struggles
leadership experts operate from principal business centers
in North America, Latin America, Europe and Asia Pacific. 
For more information about Heidrick & Struggles, please
visit http://www.heidrick.com . 


    For more information, please contact:

    Australia/New Zealand: 

     Thomas Liddle, communications consultant
     Tel:   [phone]
     Email: [e-mail]     
    
    Rest of Asia: 

     Jennifer Tow, communications consultant
     Tel:   [phone]
     Email: [e-mail]

    Outside Asia:

     Eric Sodorff, director, corporate communications
     Tel:   [phone]
     Email: [e-mail]