A perfect storm is coming for legacy consulting firms

Who will survive and how?

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Scan the headlines and you couldn’t blame anyone for thinking AI portends the consulting profession’s imminent demise. Yes, artificial intelligence is automating large portions of knowledge work, but AI is only one of many forces creating the perfect storm currently bearing down on Big Consulting’s long-standing business model.

Higher interest rates and macroeconomic volatility tightened professional services budgets, forcing executives to scrutinize consulting spend. And clients themselves........

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