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Preferred term

professional service firms  

Definition

  • A professional service firm (PSF) applies specialist technical knowledge to the creation of customized solutions to clients' problems. The term has traditionally been used to describe firms working within the formally regulated professions, such as law, accountancy, and architecture, but is often used more broadly to encompass firms such as management consultancies, advertising agencies, and investment banks. [Source: International Encyclopedia of Organization Studies; Professional Service Firms]

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https://concepts.sagepub.com/social-science/concept/professional_service_firms

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