Description: Designing the next generation management approach for professional service firms (like audit, consulting, tax, law, technical, marketing and creative services): #NextGenPSF is all about thought leadership, ideas, approaches, frameworks and best practices for managing professional services in a more digital, client-centric and solution-led future.
2023 is already proving to be a pivotal year for law firms. Continued headwinds from economic volatility and geopolitical uncertainty are macro forces that firms have faced before. But now, with the rapid acceleration of emerging technologies and a workforce forever changed by the pandemic, opportunities to gain a competitive edge are both more abundant and more complex. Leading the charge are legal CIOs who are helping their firms understand and embrace technologies to drive better insights, support more d
For today’s professional services and capital markets firms, migration to more advanced digital operations is no longer an option; it’s table stakes. Leading firms across legal, accounting, consulting, investment banking, and private capital markets are leveraging technology in truly transformative ways — empowering their professionals, exploring new business models, and gaining a competitive edge along the way.
Technology is now a REVENUE driver for consulting firms: 50% of all consulting services will contain digital products by 2025 – and 30% of firms believe that more than half of their revenue already depends on their tech stack. This is also reflected in the rising tech investments by professional services firms – which 72% of firms focus on their front office and front-to-back integrations. “Our industry is based on trust and growth – and facing the challenge of attracting fantastic talent. Your article d