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Wednesday, November 11th 2020

This week in
Consulting

How is the Professional Services Industry facing the current crisis?

This week’s must read

 

 

In the midst of the pandemic, professional services are one of the three top-performing sectors, along with technology, media & telecoms, and oil & gas. Nevertheless, they have to adjust their business strategies to rapidly changing market conditions and client behaviors. In this article, the authors explore the pandemic’s impact and how firms can continue to thrive despite the economic uncertainty.

This Week’s Must Read is an insight piece from Grant Thornton about how professional services firms have responded to the pandemic.

  Sean Denham, Tim Klatte, Peter Gamson and Conor Farley@Grant Thornton

Thought Leadership

In this podcast, Fiona Czerniawska and Fergus Blair from Source Global Research explore the pandemic’s potential impact on the professional services sector and what could be done during this challenging period.

Fiona Czerniawska and Fergus Blair @Source Global Research

A recent survey by The Law Society’s Law Management Section suggests that firms are forecasting a 10-20% drop in revenue for the 2020/2021 financial year. This article focus on COVID-19 related issues for the UK legal sector.

Andy Poole, Rosy Rourke and Tom Blandford @Armstrong Watson

Despite Covid negatively impacting most consulting businesses, almost half of them expect revenue to increase in the next 12 months. An interesting report that reveals, among other things, why the partners of the top 10% of consulting businesses charge more than double the average charge-out rates for partners.

Ali El Moghraby and Marc Jantzen@The Consultancy Growth Network

Digital technologies have created disruption across the professional services industry. In the current pandemic environment, firms need to address their digital strategy to remain competitive and deliver and exceed the value their clients are accustomed to receiving. Here are five areas firms should consider to incorporate emerging technologies into their organization.

Karen Wiltgen @RSM US LLP

This week’s Consulting News

| @pharmabiz.com

| @Becker’s Healthcare

| @PRNewswire

| @Consultancy.uk

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This week’s media

AdvicePeriod Principal Larry Miles discusses his book “It’s That Simple: How to Build the Professional Service Firm of the Future” and how AdvicePeriod is reinventing wealth management.

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