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Trends and opportunities for firms in 2025

The Future of the Firm

Release Date: 01/21/2025

How to talk to your clients about value show art How to talk to your clients about value

The Future of the Firm

In this episode of the Future of the Firm podcast, Emma Carroll, our Head of Content, interviews experts from across Source to unpack what “value” really means in consulting today. Drawing on our Emerging Trends Report and our latest research, we explore the persistent gap between quality and value—and what firms can do to close it.  We discussed the following matters and more:    According to our research, 79% of clients rate consulting quality highly, but only 49% believe they get enough value over and above what they pay in fees. Our experts offer some advice on...

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What do firms need to know about how clients perceive them in 2025? show art What do firms need to know about how clients perceive them in 2025?

The Future of the Firm

On our latest episode of The Future of the Firm podcast, Sophie Gunn, Senior Consultant at Source, caught up with Emma Carroll, our Head of Content, to debate some of the most important findings from our Client Perceptions programme so far in 2025. They then discuss how firms can use this information to gain competitive advantage.  Sophie shared her insights on the following matters and more:    Based on surveys of nearly 4,000 senior buyers, sector expertise and subject matter experts have been the top differentiators for consulting services in recent years. Sophie also...

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How volatility is shaping client futures, and what that means for firms show art How volatility is shaping client futures, and what that means for firms

The Future of the Firm

On our latest episode of The Future of the Firm podcast, Fiona Czerniawska, CEO of Source, caught up with Emma Carroll, our Head of Content, to discuss how the volatile environment is shaping client futures, and what that means for firms’ scenario planning.  Fiona shared her insights on the following matters and more:    Using Source’s proprietary data, clients (and by extension firms) have been categorised into three groups: undecided, frightened, and determined. These are defined by their approach to strategy and investment in an unpredictable market.  ...

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What do clients want from growth and CX work in a volatile market? show art What do clients want from growth and CX work in a volatile market?

The Future of the Firm

On our latest episode of The Future of the Firm podcast, Ben Tye, CEO of Gate One Consulting, caught up with Emma Carroll, Head of Content at Source, to discuss what clients want from growth and CX work today.  Ben shared his insights on the following matters and more:    While clients rarely begin by stating "we need to grow our business", this desire for growth is behind many of the challenges they raise, such as CRM system issues or new product launch hurdles. It is therefore crucial for consultants to link these discrete problems back to the ultimate business outcome...

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Why ESG integrity is at a crossroads show art Why ESG integrity is at a crossroads

The Future of the Firm

In the latest episode of The Future of the Firm podcast, Dr. Katharina Weghmann, Global ESG Leader within Forensic & Integrity Services at EY, and Nick Jones, Director of Client & Markets Engagement also within Forensic & Integrity Services at EY, sat down with Emma Carroll, Head of Content at Source to discuss why ESG integrity is at a crossroads.  Nick and Katharina shared their insights on the following matters and more:    Many organisations face challenges in clearly defining industry-relevant ESG targets and translating them into actionable initiatives....

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The future of AI consulting show art The future of AI consulting

The Future of the Firm

On our latest episode of The Future of the Firm podcast, Dr Jan van de Poll, MD and Founder of Praioritize, caught up with Emma Carroll, Head of Content at Source.  Jan and Emma shared their insights on the following matters and more:    According to Source’s latest quarterly client survey, 98% of consulting buyers believe that generative AI will replace consultants to some extent, with 55% expecting it to do so to a significant degree   Virtual consulting is challenging the established consulting model: Jan argues that while traditional consultants...

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A transformed approach to audit show art A transformed approach to audit

The Future of the Firm

Sebastian Stoeckle, Global Head of Audit Innovation at KPMG, caught up with Emma Carroll, Head of Content at Source, on the latest episode of our The Future of the Firm podcast.   Sebastian and Emma shared their insights on the following matters and more:    Audit today is as important as it’s always been, with its core mission still centred around generating trust in business entities. But the environment in which audit operates is transforming as a result of geopolitical, regulatory, and technological change.   There has been a shift in clients’...

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Risk services: converting expertise into impact show art Risk services: converting expertise into impact

The Future of the Firm

Kapish Vanvaria, EY Global and Americas Risk Consulting Leader, caught up with Emma Carroll, Head of Content at Source, on the latest episode of our The Future of the Firm podcast.   Kapish shared his insights on the following matters and more:     There have been some big changes in risk services in recent years, including technology innovation, the impact of regulatory changes, and an evolution of client expectations—in particular, clients wanting more sector-specific and personalised solutions.   The sweet spot for risk experts lies in offering...

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Which firms created the best and most relevant thought leadership this year? show art Which firms created the best and most relevant thought leadership this year?

The Future of the Firm

Source’s Natasha Campbell, Principal Thought Leadership Consultant, and Nicola Kostrzewska, Senior Consultant, caught up with Emma Carroll, Head of Content, on the latest episode of our The Future of the Firm podcast.  Natasha and Nicola shared the themes and findings from Source’s latest Quality Ratings of Though Leadership report, including:  Being relevant to your target audience isn’t just about making your presence continually felt in the market, but also about showing that you deeply understand your clients’ current and future—even latent—needs. For firms to improve...

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The Future of Human Capital Consulting show art The Future of Human Capital Consulting

The Future of the Firm

Lesley Uren, Global CEO of Consulting for Korn Ferry, caught up with Emma Carroll, Source’s Head of Content, on the latest episode of The Future of the Firm podcast to discuss where the hot spots and challenges in human capital consulting are today, and where clients’ needs are set to shift in this space.  Lesley shares her insight on the following matters and more:  Volatility in the market for human capital consulting is being driven by large macro factors that are impacting clients’ appetite to invest. This uncertainty is likely to persist, and consulting firms need...

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More Episodes

Source’s CEO, Fiona Czerniawska, and Director of Market Trends, Catherine Anderson, caught up with Emma Carroll, Head of Content, on the latest episode of The Future of the Firm to discuss trends and opportunities for consulting firms in 2025. 

Fiona and Catherine share their insights on the following matters and more: 

  • They predict increased demand for technology, risk, and HR & change work—although this may come from different areas of the business to where you might expect. 

  • Clients may initially be interested in AI for specific point solutions, but these will open their eyes to the wider possibilities of the technology. Firms should therefore be quick to jump on these early windows of opportunity. 

  • The end of last year saw client sentiment shift towards growth after a long period of caution and cost cutting. We discuss why this is the case and how firms can best support clients with their ambitions. 

  • Clients are looking for firms that understand them and their industry but can also bring consulting expertise that offers them a new perspective. They don’t want to be given teams they have to train themselves or firms that offer a cookie-cutter approach. 

  • Fifty-eight percent of clients expect fee rates to decline, but this could be a case of wishful thinking. We also discuss how clients are responding to the idea of outcomes-based pricing. 

  • Fiona and Catherine discuss their predictions for consulting in ten years’ time, including a shift from pure advisory to more delivery-focused work and an evolution of traditional consulting firms into technology firms. 

If you enjoyed this conversation, don’t miss our sister podcast, Business Leader’s Voice. In a recent episode, we talked to Benjamin Samuels, Former Chief Revenue Officer at WeWork, about navigating growth and change.