outlook 2023: consolidation brings challenges, opportunities
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by sarah dobek
the profession will continue to see consolidation at all levels as mega firms continue to be created, presenting challenges and opportunities for middle-market firms. to compete, firms of all sizes will see a heavier focus on growth beyond their geographical boundaries. this will also require many more technical challenges and resources.
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labor force challenges will endure, and firms will continue working to augment their staff more deeply. firms will continue to explore roles for those in their firm. while it will take many years for the collegiate institutions to catch up, defining clear paths and roles for client servers, relationship professionals and technical experts must happen as part of this professionwide change. firms will continue to leverage operational support and continue asking questions about what they really must do and how to create new roles to support their firms.
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