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There's been a lot of talk about AI "coming for consulting jobs" recently. In fact, last month I was joined by Prof. Joe O'Mahoney for a live podcast episode entitled 'The Death of Consulting' - a bit of a grim view.
But don't worry - between us, we determined that AI is not the death of consulting. It's not coming for consulting jobs.
But it is coming for consulting work.
You'll have likely seen the engine room getting faster and cheaper (and quieter) as tasks like data crunching and slide decks are handed off to AI.
So if AI replaces half of the work your consultants used to do, then what replaces it?
How you answer this can have a significant impact on margins.
As Prof. Joe explained, a lot of firms are having two different reactions to AI: tool obsession (i.e. "If we roll out Copilot / GPT, we're done!) and efficiency panic (i.e. "Awesome, we can do the same work with fewer people!")
But both of these miss the point - that AI isn't changing how fast the work gets done, but what clients are willing to pay humans for.
So if your consultants are still primarily valued for...
...then AI has already begun to erode your perceived value.
A good place to start before you redesign any roles is to be honest about where AI already outperforms humans - leading us into...
AKA: the invisible but billablework that AI now (largely) does better. For example:
If your junior consultants are still spending most of their week here, your operating model is likely outdated.
Consultants still earn their seat at the table - by:
While AI can certainly help inform these decisions, it can't own them.
This area is critical - because it's where the majority of firms are currently under-investing:
This is the work that clients truly feelthe value in, and as such, pay for.
While AI won't flatten your firm, it'll more than likely have some impact on career paths. Let's look at this by level:
Their old value: fast hands and sharp analaysis
Their new value: problem literacy and insight translation
Some practical shifts:
Their old value: quality control and project management
Their new value: sense-making and decision support
Some practical shifts:
Their old value: relationships and sales
Their new value: judgement, accountability and trust
Some practical shifts:
So, the real opportunity for consulting firms is better consulting, not cheaper consulting.
The firms that are winning won't be the ones who cut the headcount fastest or automate the most tasks. They won't even be the ones who talk about AI the loudest!
Instead, they'll be the ones redefining what their consultants are for.
AI gives consulting firms a rare opportunity. They'll be able to spend less timeproducing and more time with clients, where it actually matters.
But that can only happen if their roles are deliberately redesigned and not left to evolve by accident.
If you removed 50% of your consultants' workload tomorrow, would what's left justify your fees?
The answer might make you uncomofortable, and if so, you likely have a role design problem. But it's a problem you still have time to fix.
