Professional ServicesLouis Lavelle
In the 1980s, eight national accounting firms dominated the professional services industry. Nearly two decades later, five remain--and in the interim, they have morphed into one-stop shops offering a variety of audit services, consulting, information-technology advice, and even back-office outsourcing. In 2001, this evolution will come full circle. Over the next 12 months, as many as three of the firms are likely to sell off their consulting businesses--one already has--leaving just one of the five still offering multidisciplinary advice.
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