The current Mitchell Madison Group is a reincarnation of the most extraordinary consulting success story of the 1990s. The original Mitchell Madison Group was started in 1991 by a group of McKinsey veterans who were recruited by A.T. Kearney to build a strategy practice. The new group flourished beyond its founders’ expectations by offering an alternative to McKinsey for very demanding clients who were accustomed to the highest standards of service. Soon the group represented a substantial portion of A.T. Kearney's revenues, and its growth was constrained by its parent. As a result of a management buyout, the Mitchell Madison Group was formed in late 1994. It grew rapidly as a diverse and talented partnership with important client work in banking strategy, payment systems, market credit and operational risk, capital markets, credit cards, and financial market structure and regulation, as well as media and telecommunications, manufacturing, energy, Internet commerce, and strategic sourcing and outsourcing.

By 1999, professional staff had grown to over nine hundred in eleven offices on four continents. The firm was valued at over half a billion dollars when it was acquired by a “new economy” growth company, USWeb/CKS, in 1999. USWeb merged with Whittman-Hart to form MarchFirst the following year; MarchFirst collapsed into bankruptcy in 2001.

The founders of the current Mitchell Madison Group, most of them founding partners of the original firm, acquired the titles and copyrights of the Mitchell Madison Group in 2003 with the intention of creating a world class consulting firm on the solid legacy of high quality work for top global clients we had built in the first Mitchell Madison Group.