100% agree. A number of engagements I've been on of late have had to do with changes in government regulation, making sense of that in the local context for a c

100% agree. A number of engagements I've been on of late have had to do with changes in government regulation, making sense of that in the local context for a client, then implementing some kind of change (people/process/technology) to ensure compliance (so they can in turn assure government regulators). This touches on one other thing that large consulting firms have, and that is global reach coupled with great internal networking and knowledge management. Bank A needs to comply with new government regulation which is similar to that passed 6 months ago in country B where we did a similar engagement. No point re-inventing the wheel a dozen times when that country B team is a few clicks away and can guide you through what they did (and more importantly what they learnt along the way).