In recent times I was invited to sit in on a meeting whereby a vendor was unveiling a new advertising campaign. It wasn't that bad, not groundbreaking I thought.
What got me was that it took FOUR people from the vendor to unveil one piece of artwork. I think one was an intern and didn't even say anything. So, factoring in the cab ride from their office, the 30-minute unveil, and their cab ride back, you can bet it was a billable two hours.
I heard that this particular campaign was allegedly costing someone $19,000! That is crazy fees.
I sincerely hope for a future whereby we see an explosion of smaller agencies with a core of around five people that just hire freelancers and consultants, as needed, on a project by project basis. More nimble, faster to react, cheaper for the client, more work for talented people who may not be employed full time with benefits.
And yes, I am biased, as I currently work as a consultant.