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Heidrick & Struggles up 58.8 percent in Asia Pacific

Heidrick & Struggles up 58.8 percent in Asia Pacific

         Demand Driven by Leadership Advisory and Executive Search

SYDNEY, Australia, Mar. 3 /Xinhua-PRNewswire/ -- Heidrick & Struggles
increased its net revenue by 58.8 per cent in the Asia Pacific region last
year, driven by continuing high demand for leadership advisory and
executive search services.

Net revenue for APAC was $US78.6 million. Operating income of $US15.9
million increased 20.1 per cent compared with 2006 and the operating margin
was 20.3 per cent, compared with 26.8 per cent in 2006 as the firm invested
in infrastructure to support its expansion.

Regional managing partner Gerry Davis says that Australia/New Zealand,
Greater China and Singapore recorded the highest growth rates, with ANZ
revenue up 118 per cent on last year, Greater China up 33 per cent,
Singapore 72 per cent, India, 29 per cent, Japan 33 per cent and Korea 61
per cent.

Davis says that an aggressive recruiting effort and investment in
information technology infrastructure have provided a strong foundation for
further regional expansion in 2008.

"Offices have also been expanded and upgraded to cater for the
increased headcount. We have opened an office in Bangkok, Thailand to
address the significant demand for multi-national and in-country
executives," Davis says.

The scale of reach of the Heidrick & Struggles operation in Asia
Pacific has caused many corporations to seek access to its "thought
leadership", industry sector analysis and research materials, Davis says.

Leadership advisory practice leader Steve Langton says the firm's
advisory work has helped to increase the number of chief executive and
non-executive director roles. "Leadership advice leverages the Heidrick &
struggles reputation, brand and capability to support clients in addressing
their talent concerns they have in a time of leadership transition."
Langton says.

Globally, for the fiscal year ended December 31, Heidrick & Struggles
reported consolidated net revenue of $US619.7 million, an increase of 29.5
per cent from $US478.5 million in 2006. The firm expects global revenue to
grow by between 5 and 8 per cent in 2008.

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 .

Safe Harbor Statement

This press release contains forward-looking statements. The forward-
looking statements are based on current expectations, estimates, forecasts
and projections about the industry in which we operate and management's
beliefs and assumptions. Forward-looking statements may be identified by
the use of words such as "expects," "anticipates," "intends," "plans,"
"believes," "seeks," "estimates," "projects," "forecasts," and similar
expressions. Forward-looking statements are not guarantees of future
performance and involve certain known and unknown risks, uncertainties and
assumptions that are difficult to predict. Actual outcomes and results may
differ materially from what is expressed, forecasted or implied in the
forward-looking statements. Factors that may affect the outcome of the
forward-looking statements include, among other things: our ability to
attract and retain qualified executive search consultants; the condition of
the economies in the United States, Europe, or elsewhere; social or
political instability in markets where we operate; the impact of foreign
currency exchange rate fluctuations; price competition; the ability to
forecast, on a quarterly basis, variable compensation accruals that
ultimately are determined based on the achievement of annual results; our
ability to realize our tax loss carry forwards; the timing of a partial
release or full reversal of deferred tax asset valuation allowance; the mix
of profit and loss by country; an impairment of our goodwill and other
intangible assets; and delays in the development and/or implementation of
new technology and systems. Our reports filed with the U.S. Securities and
Exchange Commission also include information on factors that may affect the
outcome of forward-looking statements. We undertake no obligation to update
publicly any forward-looking statements, whether as a result of new
information, future events or otherwise.



Contacts:

Thomas Liddle
Communications Consultant
Tel: +61-2-8205-2376
Email: tliddle@heidrick.com

Eric Sodorff
Director, Corporate Communications
Tel: +1-312-496-1613
Email: esodorff@heidrick.com


SOURCE Heidrick & Struggles International, Inc.

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