For graduating law students, management consulting is becoming a hot area of prospective employment. Compared to law firms, the pay at management consulting firms is higher, the hours are slightly less grinding and the work experience can provide a more direct path into corporations’ senior management.

Consulting firms like McKinsey & Co., Monitor Company, Boston Consulting Group and others, seem equally taken with lawyers, having recently discovered that law schools and law firms offer an untapped source of prospects with an aptitude for dissecting and resurrecting troubled companies.