The business services sector faces a complex market environment – a continued trend towards outsourcing but with huge near term pressure on providers, especially from Government, the key customer to many.
Our industry specialists from across Deloitte provide an extensive depth of knowledge on the range of current market issues such as the consolidation in the sector as players seek scale and breadth of capabilities to service the integrated needs of customers. Our practitioners are also bringing their insight on public sector spending to support our business services clients secure new opportunities with Government as it seeks to reduce the deficit.
Within professional service we are seeing major structural change in the legal market as deregulation encourages new entrants and the law firms’ clients take advantage of an oversupplied market. The Legal Services Act has introduced opportunities for capital raising which will result in business model change and the sector is experiencing a wave of UK and international law firm mergers as firms seek scale and global coverage.
Widely recognised as a leading advisor to the professions, the Deloitte Professional Services team has made an unrivalled contribution in serving many of the UK’s major professional firms. Deloitte is the most experienced advisor on partnership mergers and on the implications of limited liability partnerships' incorporation, as well as other broader aspects of risk management, financial management and partnership tax.