Private equity is reshaping Connecticut’s accounting industry through national firm stakes and local acquisitions, raising questions on succession and audits.
Connecticut law and accounting firms are experimenting with new billing models as artificial intelligence reshapes their core business, with some moving to value-based rates to compensate for the hours AI tools are cutting from client work.
As artificial intelligence automates the routine legal and accounting work that has traditionally trained junior professionals, law and accounting firms face a fundamental challenge: how to develop the next generation when entry-level assignments disappear.