1019737--2/28/2008--NAVIGANT_CONSULTING_INC

related topics
{acquisition, growth, future}
{customer, product, revenue}
{regulation, government, change}
{system, service, information}
{regulation, change, law}
{personnel, key, retain}
{control, financial, internal}
{interest, director, officer}
{cost, operation, labor}
{financial, litigation, operation}
{operation, international, foreign}
{stock, price, operating}
Our use of equity-based compensation could impact our ability to attract, retain and motivate key employees. We face significant challenges in achieving and managing growth. Failure to meet these challenges could have a material adverse effect on our future profitability. We may be exposed to potential risks if we are unable to achieve and maintain effective internal controls. Regulatory and legislative changes affecting us, our clients, competitors, or staff could have an impact on our business. Our client engagements are generally short term in nature, less than one year, and may be terminated. Our inability to attract business from new or existing clients could have a material adverse effect on us. Our client engagements and revenues are frequently event-driven and therefore difficult to forecast. We have invested in specialized systems, processes and intellectual capital for which we may fail to recover our investment or which may become obsolete. Unsuccessful client engagements could result in damage to our professional reputation or legal liability which could have a material adverse effect on us. Some of the work that we do involves greater risk than ordinary consulting engagements. As we become larger, we increasingly encounter professional conflicts of interest. Our international operations create special risks. We cannot be assured that we will be able to raise capital or obtain debt financing to consummate future acquisitions or to meet required working capital needs. We may not be able to acquire businesses in the future and already acquired businesses may not achieve expected results. We may not be able to effectively integrate the businesses we acquire, which may adversely affect us. Our work with governmental clients has inherent risks related to the governmental contracting process. Compliance with the Foreign Corrupt Practices Act could adversely affect our competitive position; failure to comply could subject us to penalties and other adverse consequences.

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