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FN
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I'm also looking at management consulting post-MBA, but I'll be going with LBS, partly for personal preferences.

Here's a post I made in one of the INSEAD threads regarding both:

post546254.html#p546254
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abhaypratapsingh
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I am not sure if we should look MBA as field specific degree at all.... I have discussed this with my freinds(post MBA) and according to them MBA is all about branding of the school and alumini network .. Both LBS and INSEAD have big batch size and excellant reputaion...

You may consider other things wrt INSEAD vs LBS like:
High opp. cost for LBS (2 yrs) vs Insead ( 10 months)
INSEAD wil open Singapore (Asia) market for job opp.. where as LBS will open UK mkt for you ....

Most of the people will feel lucky to admitted to be both and had to decide which one to chose....