Workforce issues, supply chain problems and inflation continue to challenge contractors’ ability to improve operating margins. … READ MORE >
Business and professional services
Key highlights of the FY 2023 National Defense Authorization Act
The National Defense Authorization Act (NDAA ) focuses on improving and protecting the DoD’s supply chain and strengthening military readiness. Contractors may be pleased to see that Congress has increased funding for certain aspects of the nation’s defense. … READ MORE >
Government services businesses look to the future
Government services businesses are focused on predicting and addressing opportunities … READ MORE >
Outer space: an endless frontier of opportunities for federal contractors
Investors, governments and contractors are optimistic about the technological and business potential of outer space. … READ MORE >
Staffing firms see strong demand as hiring remains steady
The demand for staffing firms is the highest it has been in almost two years. … READ MORE >
Law firms are feeling pressure despite steady growth in demand and rates
Despite steady growth in demand for law services and lawyer billing rates in the first quarter of 2022, labor market challenges and inflationary pressures threaten profitability. … READ MORE >
Law firms navigating uncertainties can look to historically reliable indicators
Historically, real GDP and levels of activity involving initial public offerings and mergers and acquisitions have correlated to law service demand. So, although the true impacts of Russia’s invasion of Ukraine will not be understood for a while, law firms in search of clarity can look to those indicators. … READ MORE >
Environmental and facilities services see a sunrise powered by legislation, automation: Spring 2022 outlook
Environmental and facilities services companies are poised to take advantage of infrastructure legislation and productivity-enhancing technology. … READ MORE >
Law firms implementing new battle plan in war for talent: Spring 2022 outlook
Law firms that focus on improving productivity and justifying rate increases by bringing greater value to clients will reap the benefits of those strategic shifts long after labor challenges subside. … READ MORE >
Business and professional services industry outlook: Spring 2022
Technology is beckoning business and professional services firms that are feeling squeezed by ongoing labor challenges. Whether higher salaries are cutting into profitability or job vacancies are outnumbering qualified applicants, digital solutions—specifically those that automate nonbillable or tedious tasks—can help increase productivity and boost the bottom line. … READ MORE >