‘Outdated’ consultancy sector faces a reckoning as AI rips up the old model Tech For years, the consultancy sector has relied on a traditional model and profitable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 [...]
Government consultants pledge under threat as spending jumps Politics Government spending on management consultants rose by over £150m during Labour’s first year in office, despite the party’s manifesto pledge to halve the amount departments dish out to third party advisers, CityAM can reveal. Total spending on management consultancy contracts totalled £1.44bn during the first 12 months of the government’s four-year term, up from [...]
Cuts, struggles and breakups: How is AI reshaping the consultancy sector? Big Four Amidst the job cuts at Big Four, crisis mode is rearing at consultancy firms as the industry struggles to keep up with the AI world
Deloitte names new UK financial services lead March 11, 2025 Deloitte has appointed consulting veteran Suresh Kanwar to head up its financial services division in the UK and join its executive committee. Kanwar previously led the audit and consultancy behemoth’s banking and capital markets team, and his new new role makes him one of the 13 most senior figures in Deloitte’s 27,000-strong army of UK [...]
Public sector spending on consultants hits record high despite efforts to cut August 23, 2024 Public sector spending on management consultants has ballooned to a near-record high this year despite efforts to cut reliance on the expensive sector. Fees to consultants from central government, local authorities and other departments swelled to an estimated £3.4bn in the last fiscal year between 2023 and 2024, a rise of 12 per cent on [...]
Top management consultancies don’t make things any better, clients say August 19, 2024 Drafting in a "big three" consultancy firm to help with corporate projects often has no positive effect, a survey of former clients has found.