The UK Consulting Market 2016
Consulting Market Programme 2016
Zoë Stumpf shares some insights from our recently published report on the UK consulting market, noting the impact of Brexit and the continuing growth in digital transformation work, along with a positive forecast for the year ahead.
By Fiona Czerniawska.
We’re only three months into 2017, but it’s already clear that the word of the year in consulting will be robotics.
It’s rapidly becoming—some would say has become—the catch-all phrase for the use of new digital technologies, including cognitive computing and artificial intelligence, to automate parts of the consulting process. It’s a huge opportunity: as a previous article on this blog argued, there are aspects of strategy consulting—to name just one example—that could be done better and more quickly by machines, leaving people to spend more time analysing and interpreting the data. But inevitably it’s also a challenge—or rather two challenges.
Blog | 29th March 2017 | Read more
By B.J. Richards.
“Keep calm and carry on”: The plucky little exhortation with the horrifying backstory became positively ubiquitous over the last few years, gracing countless coffee mugs and greeting cards while keeping many a London souvenir shop afloat. Irrepressibly British, the WWII-era sentiment clearly struck a chord with a recession-weary citizenry upon its rediscovery at the end of the noughties.
Blog | 8th March 2017 | Read more
By Alison Huntington.
There’s much to like about the German consulting market: high average revenues, greater availability of talent relative to other markets, and, at this time of year, the promise of glühwein and Christmas markets. OK, that last point isn’t one of the criteria in our market attractiveness index, but the DACH region (of which Germany is by far the largest part) has topped our ranking for two years running without even taking mulled wine into account
Blog | 1st December 2016 | Read more
What's everyone talking about within the financial services consulting market? Zoë Stumpf shares some findings from our recently published report.
By Edward Haigh.
That’s the deliberately slightly playful question we’ve been asking consulting leaders recently, as part of our research into what’s going on from a talent perspective. And it’s already elicited some interesting responses.
The one that caught my attention the other day was someone saying that they’d build more relationships with small specialist firms.
Blog | 24th November 2016 | Read more
Rachel Duk talks through the challenges in place for consulting firms and their clients within the energy & resources industry.
By Edward Haigh.
Tony Soprano, lead protagonist of the critically acclaimed HBO TV series, was a hardened criminal and brutal murderer. I liked him. I doubt I was alone.
I liked him because he was a family man who would come home from a day of hardened criminality and brutal murdering and try to do the best for his family. And then sit down in front of the TV with a bowl of ice-cream. I liked him because he was vulnerable.
In fact that vulnerability was sufficiently acute that it led him to the psychiatrist’s couch, confirming in the process both that America’s psychological problems extended to all corners of society, and that Americans really, really, like talking about themselves.
Blog | 6th October 2016 | Read more
The last few years have been among the busiest ever for M&A activity within the consulting industry. But the number of deals being done begs an important question: are they adding value?
Edward Haigh explores how data and analytics are changing the consulting industry and the extent to which clients are increasingly using consultants in two ways.
Fiona Czerniawska, author of this report, talks us through her thoughts on what is a main trend in consulting this year.
By Fiona Czerniawska.
Our latest report on UK consulting pegs growth in this market at 8.2%, that’s up from 6.6% in 2014 and means that, for the second year running, the UK is one of the world’s most attractive consulting markets.
Inevitably, though, growth isn’t spread evenly across all industries or service lines: two areas stand out.
The first is risk and regulation. That’s not a new story, but it does have a bit of a new twist to it. As we’ve pointed out before, demand is bifurcating, with the more familiar areas being commoditised and industrialised, as clients seek to limit the overall amount of money they have to spend in this area, and the less familiar areas commanding greater executive attention and higher fee rates. We thought that might lead to a slow-down in growth overall, because the bulk of consulting falls into the first, commoditised category and because clients here are seeking to bring fee rates down even if they can’t reduce their actual workload, but it appears that the amount of regulatory change is still more than enough to maintain demand. The risk and regulatory consulting market, worth just over £500m in 2015*, grew by 12%.
Blog | 29th March 2016 | Read more