Redefining Professional Services
Professional service firms are facing new, higher customer expectations that require redefining legacy business models and services. This was a challenge before COVID hit, but the pandemic accelerated these changes. Buyers of professional services look for accountants and management consultants who have experience in their industry, lawyers who have litigated similar cases, and surgeons who have performed the same procedure many times. Business Consulting The business consulting sector consists of people offering intangible assets to help businesses manage or improve a particular part of their operations. These providers impart expertise on niche areas of business such as finance or law and allow the client to focus on delivering their own products or services. Professional services may be provided on a contract or private practice basis, with either billable hours or…