Remaining independent is still possible in a world of consolidation

Small, local firms can remain commercially viable as they deliver strong client service and build relationships competitors can’t easily replicate

The relationships built within a community and the understanding of client needs can be a key differentiator for businesses that have built decades of trust. Photograph: iStock

Consolidation has been a trend across industry in recent years, not least in professional services. Across the board the merger and acquisition trend has been going only one way.

Not every firm wants to be part of a national or international platform. The reasons vary wildly. For some, it’s about being able to maintain control over what work is engaged with; for others it’s a local focus. And then there are those who may feel the time simply isn’t right for them.