Quote:
Originally Posted by Unregistered
2020 was when it happened. In 2021, the finances are still shaky I believe as clients are tightening their belt and are asking for cheaper fees. Clients can switch to small-medium firms given the budget cut.
It really depends on what you meant by 'stabilized'? Do you mean no more decline in their revenue? Or do you mean more clients come back to you? The firm's finances are as fluid as how the COVID situation is
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Hmmm you seem to have some insider knowledge.
Anyway if old timers can recall, this is a far cry from 2011 when RHT split from Khattarwong (KW) over differences in business strategy including internationalization outlook. Supposedly those who left were the dynamic ones who disagreed with the insular and conservative old guard and KW was tipped to fail as a sinking ship that refused to change with the times.
Some 1 decade later, KW seems to enjoy an arguably higher level of prestige from it's tie-up with a blue-blooded international private client firm, while RHT services largely local companies and SME clients run by chinese speaking towkays, and has itself ceased it's association with a UK international firm.