Professional services firms must strive to understand the critical shifts that are driving their businesses now and into the future. In this paper we will study the seven MegaTrends of professional services. This will provide us with a sound foundation for responding strategically, and taking advantage of these fundamental changes. The seven MegaTrends are:

• Client Sophistication
• Governance
• Connectivity
• Transparency
• Modularization
• Globalization
• Commoditization

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