Professional Services Overview
Professional services firms and companies face many of the same challenges as the businesses they work with. Operational efficiency and effectiveness, retaining and rewarding staff and achieving growth either organically or through acquisitions are all common issues. Many professional services firms are also partnerships with their own specific challenges and issues.
Professional services firms are prime examples of the ‘knowledge economy’, generating value from their expertise and technical knowledge. We recognise the industry is having to find ways to maintain value in the face of increasing demands from clients as well as managing and harnessing the impact of technologies such as artificial intelligence (AI) and blockchain.
We will help you tackle these challenges and any other accountancy and business issues your firm or partnership is facing.
Managing the impact of COVID-19
When it comes to keeping your firm up and running, knowing the right questions to ask and where to find the information you need can make all the difference. You can find useful information on government support for businesses and individuals as well as a wide range of practical advice our BDO COVID-19 hub.
BDO Professional Services team
The BDO Professional Services Team, one of the largest in the UK, has been working with professional services clients for over 25 years. The team includes audit, tax and M&A experts with a wealth of expertise and a deep understanding of professional services clients. We are proud of our track record in this sector and passionate about contributing to the success of our clients.
Our approach is always partner-led. Our partners are driven by finding the ideas and insights that will make a difference to your business. We get to know our clients and their businesses so that we can deliver advice that is pragmatic and actionable.
Our services and advice
We draw on people and expertise across BDO UK and across the BDO international network to find the right way forward. We also draw on best practice across the different professional services areas to guide our clients.
We regularly advise our clients on:
- Statutory audit
- Mergers and acquisitions – UK & cross-border
- International growth
- Tax structures
- Corporate governance in professional firms
- Managing working capital
- Cyber security mitigation and planning
- Profit-sharing among partners
- Internal Audit
- Litigation funding advice
We deal with both the personal and business affairs of partnerships and LLPs, providing a full range of advisory and compliance tax services for partnerships and their partners. Find out more about our partnership tax services.
We are a leading auditor and adviser to local, national and international law firms. We also produce the Law Firm Leadership series which examines how law firms plan to adapt to, manage and succeed in a changing market over the next five years.
Our Property advisory experts work with clients ranging from large international property consultancies, to leading built environment firms and architectural practices. We also work closely with the broader BDO Real Estate Team to ensure we have the knowledge and expertise you need.
We work with a range of recruitment and executive search companies both in the UK and globally and have developed a particular expertise in addressing the issues faced by companies operating in multiple jurisdictions.
Our clients include global consultancies and two of the Big Four accountancy firms, as well as boutique industry advisers.