AI will force law firms, management consultancies, and accounting firms to change
AI will create a barbell effect in professional services firms: commoditization of low-skill services, while revenue and income will accrue to higher-value services
After I posted my recent piece AI will not kill McKinsey, a reader requested that I explore how AI will affect professional services firms; this post is that exploration. By “professional services firms,” I am referring to law firms, management consultancies, and accounting & audit firms. This is US-biased but my guess is that it maps well to other adva…