Professional Services

AI will overhaul consulting fees, McKinsey says

The consulting giant is shifting to outcome-based pricing amid the technology’s rise, according to its UK boss

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Clients are increasingly asking for cost estimates based on executing goals and not just project scope Photo: Davide Bonaldo/Getty Images

Artificial intelligence and a shift in client expectations are driving an increase in outcome-based pricing for consulting services, according to McKinsey’s UK boss.

“We’re doing more performance-based arrangements with our clients,” Michael Birshan, managing partner of UK, Ireland and Israel at McKinsey, said at a media event on 4 November. 

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