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Chartered accountancy firms have long served as trusted advisors to businesses, but they also have their own unique set of challenges. This research enabled managing partners at mid-tier UK firms to share their thoughts on the key issues impacting the sector and what these mean for the future. The research highlights five key themes:
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Firm structure and operational model
The partnership model remains predominant, but private equity is beginning to have an impact.
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Leadership and culture
Firms see themselves as client-centric, but is there a disconnect between future client needs and leadership skills?
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Talent
Recruiting and retaining qualified staff is the top challenge facing mid-tier firms, but what can be done?
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Technology
Technology provides significant opportunity for the profession, but firms are cautious in their approach.
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Financial performance and service lines
Firms are diversifying service lines, and this presents opportunities and challenges.
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