Strategic Management of Professional Service Firms

Professional service firms, like corporate law firms or management consultancies,provide knowledge-intensive services for businesses. The entire professional service sector is gaining increasing importance both at a microeconomic and macroeconomic level in all developed economies. Among other things the growth of many professional service firms provides evidence of their increasing significance. On the other hand, this growth provides challenges both for firms’ strategic development and their managements.

This book deals with these challenges. The authors attempt to contribute to the joint effort in combining academic and practical findings on the subjects of management and strategy in professional service firms and present the results to an interested audience. The book is thus primarily designed for partners and managers in professional service firms, but also addresses students and teachers working in this increasingly important field.