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       Professional Services

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What Is Professional Services: Definition

     Professional services are “specialized services requiring expert knowledge in a given field,” which applies to all kinds of professional services: legal, engineering, and accounting.

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   Professional services providers can be found in a number of public and private subsectors. For some providers, professional services may be a primary line of business, while for others, professional services may be sold as an add-on value driver to a core offering.

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Professional Services in Law

  Professional Legal Services means professional services rendered by attorney, serving in capacity of legal counsel or legal advisor.

  Legal and professional services encompass a diverse array of specialized services provided by professionals to meet the legal, financial, and strategic needs of individuals, businesses, and organizations. These services are crucial for navigating complex regulations, ensuring compliance, and obtaining expert guidance.

  Legal Services can be:

  • Law Firms: Provide legal representation and advice in various areas, including: LitigationCorporate LawFamily LawReal Estate LawCriminal Law

  • Legal Consultancy: Offers expert advice on legal matters and helps clients understand their rights and responsibilities.

  • Legal Research: Conducts in-depth research to support legal cases or provide opinions on complex legal issues.

  • Document Preparation: Drafts legal documents such as contracts, wills, and agreements.

 

Professional Services in the Technology Sector

   While there are many businesses that exist solely to provide professional services to customers, there are also many professional services organizations that are embedded in larger businesses. For example, technology companies will often maintain a Professional Services team as a strategic part of their business.

  More specifically, some of the most common professional services that technology companies offer include:

  • Consulting services (technology consulting, business domain, or business process consulting)

  • Implementation of systems integration services

  • Migration services

  • Custom development

  • Value realization or adoption services (post-implementation)

  • Analytics services

  • Engineering services

  • Project and program management services

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What Does a Professional Services Operation Look Like?

  Professional services organizations can vary from company to company, but there are certain characteristics that are consistent across the majority of professional services operations.   In most professional services organizations, you will find:

  • A management team

  • Overhead (including operations, finance, marketing, research & development, and specialized teams)

  • Unique delivery pools

  • Global governance

  • Performance monitoring

  • Dedicated delivery resources with fully formed talent management that specializes in consulting

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