To be clear, this is not margin, it's non-direct expenses. So the consulting partners probably take home half of that multiplier as profits, and the other half

To be clear, this is not margin, it's non-direct expenses. So the consulting partners probably take home half of that multiplier as profits, and the other half goes to pay for the paralegals, AR/AP, HR, IT, office lease, janitorial .... all the things that Universities use their overhead to cover. What a surprise!