Having enjoyed double-digit annual growth for the last 10 years, the consultancy industry is now feeling the impact of the economic slowdown.
Income from management consultancy services declined by 6.8% but the most significant change was a shift from IT consultancy, which decreased by 21.5%, to outsourcing consultancy, which increased by 25.4%. This suggests that clients are outsourcing non-core activities to reduce costs.
Year on year growth, however, remains healthy with income 11.6% higher than at the same time in 2000.
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.
Kevin Reed discusses whether new accountancy group Cogital can rival the Big Four...and its likely direction of travel