‘Outdated’ consultancy sector faces a reckoning as AI rips up the old model Tech For years, the consultancy sector has relied on a traditional model and profitable formula: retained clients, billing time and upselling clients. Another crucial element has been the blend of ‘senior counsel’ supported by a team of juniors carrying out research and compiling reports. But the rug is being pulled from under this model and a [...]
US tax consultancy faces $12bn threat, but AI could deliver $19bn in gains Prof Services New research suggests AI could drive a $7bn (£5.2bn) net increase in the US tax consulting industry if firms shift focus from routine compliance to high-value advisory. The report from Source Global Research revealed that despite the potential threat to revenue, over half of all US tax services are expected to be significantly powered by [...]
British financial services consulting market set to struggle this year Business Consulting for the global financial services sector is expected to rebound this year, but the UK is expected to remain in the red for 2024
UK consultancy market expected to flatline in 2024, after a dive in growth last year March 18, 2024 The UK’s consulting market grew by 4.7 per cent across 2023 to revenues of £15.2bn, which was down on the 15.6 per cent growth recorded over 2022.