Topic of the quarter: Change, uncertainty and risk – good news. Professional Services is a high growth, high value-add sector. At the top end, Legal Services grew sales by an average 24% pa in the two years leading up to COVID, Consultants by 16% pa and Insolvency/Restructuring by 13% pa, while operating margins varied between 15% and 21%. Both organic growth and acquisitions played their part, supported by good cash flow characteristics. Change, uncertainty and risk are key drivers for the advi ....
