{"id":616441,"date":"2026-06-10T21:20:00","date_gmt":"2026-06-10T21:20:00","guid":{"rendered":"https:\/\/buglecall.org\/?p=616441"},"modified":"2026-06-10T21:20:00","modified_gmt":"2026-06-10T21:20:00","slug":"apollos-president-warns-ai-is-coming-for-professional-services-jobs-next","status":"publish","type":"post","link":"https:\/\/buglecall.org\/?p=616441","title":{"rendered":"Apollo’s President Warns AI Is Coming For Professional Services Jobs Next"},"content":{"rendered":"

Apollo’s President Warns AI Is Coming For Professional Services Jobs Next<\/span><\/p>\n

\n

First AI came for Software, disrupting its various offshoots and sparking a brutal bear market at the start of the year before a powerful squeeze sent software stocks surging in recent weeks. Now, it’s the turn of professional services, <\/strong>including law firms, accountancies and consulting firms, which according to\u00a0Apollo\u2019s co-president,\u00a0Scott Kleinman are likely to be the next sector to face disruption from artificial intelligence.<\/p>\n

Investors have had their worries focused on the software sector, and the extent to which AI will upend these businesses. But going forward, buyout shops should be looking at investments in professional services, Kleinman said on a panel at the SuperReturn conference in Berlin on Wednesday, according to Bloomberg.\u00a0<\/p>\n

\u201cApologies to the lawyers, accountants, consultants in the room, but I do think that\u2019s a place where you\u2019re going to see a lot of pressure,\u201d <\/strong>Kleinman said, noting that Apollo is now “massively underweight” software and is directing capital toward critical infrastructure and less exposed business, reflecting a defensive credit stance.\u00a0<\/p>\n

Private equity shops have funneled money into professional services firms, particularly accountancies, in recent years as many have looked for new sources of cash<\/strong>. Cinven, for example, bought a majority stake in Grant Thornton\u2019s UK business in 2024.<\/p>\n

Going forward, buyout firms should evaluate whether any professional services companies they\u2019ve invested in can be replaced or supplemented by AI, Kleinman said.<\/p>\n\n

Which is not to say that AI is done with software:\u00a0Kleinman said that the software sector still poses an issue for private equity firms, many of which haven\u2019t marked down their investments in the space at the same rate as the public markets have.<\/strong><\/p>\n

While software companies aren\u2019t \u201cgoing away,\u201d ones that are \u201cAI-native\u201d are \u201cgoing to put enormous pressure over time on legacy software businesses,\u201d <\/strong>he said.<\/p>\n

\u201cThe private equity industry fell in love with software, decided to pay ungodly prices for these businesses on the assumption that they keep growing forever and their margins would keep expanding forever,<\/strong>\u201d Kleinman said. \u201cBut as we know, nothing grows to the moon. It\u2019s a question of what is the next buyer going to pay for these companies and is it going to look anything like the multiple you paid for it?\u201d<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nWed, 06\/10\/2026 – 17:20<\/span><\/p>","protected":false},"excerpt":{"rendered":"

Apollo’s President Warns AI Is Coming For Professional Services Jobs Next First AI came for Software, disrupting its various offshoots and sparking a brutal bear market at the start of the year before a powerful squeeze sent software stocks surging in recent weeks. Now, it’s the turn of professional services, including law firms, accountancies and… Continue reading Apollo’s President Warns AI Is Coming For Professional Services Jobs Next<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[17,22,13],"tags":[],"class_list":["post-616441","post","type-post","status-publish","format-standard","hentry","category-border-security","category-immigration","category-immigration-reform","entry"],"_links":{"self":[{"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/posts\/616441","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=616441"}],"version-history":[{"count":0,"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/posts\/616441\/revisions"}],"wp:attachment":[{"href":"https:\/\/buglecall.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=616441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=616441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=616441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}