Case Study: How Digital Change is Leading Britain’s Professional Services Firms out of the Covid Crisis
Some sectors of the economy have historically been resistant to digital change. The legal profession was certainly one of them. It’s one of the jewels in the crown of the lucrative professional services sector, yet it’s remained behind the times in terms of tech adoption and strategy.
Some of the most visionary practitioners in the field now are choosing a digital-first approach, providing a clear route for the rest of their industry to follow. We recently commissioned the Centre for Economics and Business Research (Cebr) to look at the potential benefits to the UK economy of the continued investment in digital transformation projects, similar to what we’ve seen over last year.
Across the UK, in the private and public sectors, Cebr estimates that Covid-driven digital change could increase GDP by £232 billion, or 6.9%, by 2040.