AI is squeezing big consulting firms, law firms, and banks as clients refuse to pay for hours that AI can now do in minutes. Bad for traditional white-collar professionals, good for clients who want to pay for results.

• McKinsey is under pressure from clients to tie fees to outcomes like lower costs or higher profits instead of billable hours.
• The firm is shifting more partner pay into equity to handle less predictable revenue.
• JPMorgan's Jamie Dimon said the bank will hire more AI people and fewer bankers, and that some companies used bureaucracy to hide bad hires.
• Goldman Sachs is building a "digital factory floor" to automate repetitive finance work so staff can spend more time with clients.
• Lawyers and auditors face the same pressure to pass AI savings on to clients, since AI removes the gatekeeper role of charging for access to knowledge.

Outlook: Expect consulting, law, and banking to keep shifting toward results-based pricing and smaller junior workforces as AI eats routine work.