Page 2 - Big Four Legal - Creating New Opportunities for Law Networks

Table of Contents

I Summary …………………………………………………………………………………………………………… 1

II Background ………………………………………………………………………………………………………… 3
(A) The Big Four and Biglaw
(B) Law Firm Networks
(C) The Wild Card – Accounting Networks and Associations

III Biglaw * No Present Threat from Big Four ….………………………………………………………… 6

IV Threats to Law Firm Networks by Big Four ***** ……………………………………………….. 8

V Threats to Accounting Networks and Associations by Big Four *** ……………………… 10

VI Competitive Opportunities for Networks as a Result of Market Forces ……………….. 12
(A) Law and Accounting Networks – Opportunities
(i) Legal Networks *****
(ii) Accounting Networks *****
(iii) Combining Legal and Accounting *****
(B) Technology Revolution – Leveling the Playing Field ****
(C) Opportunities for US Biglaw – Joining with Networks **
(D) Other Opportunities – LPOs, Technology, Legal Ops, AI, etc.***

VII Conclusion ………………………………………………………………………………………………………….. 16

Appendix 1 – Biglaw global presence …………………………………………………………… 18

Appendix 2 -The Big Four and Biglaw online – Unique visitors per month …….. 20

Appendix 3 - 2018 Bibliography - Big Four and the Legal Profession 2017/2018 21

Appendix 4 - Multidisciplinary Practices and Partnerships – Lawyers & …………. 23

Consultants ( 2002) Stephen J. McGarry

CHAPTER 14 Multidisciplinary Organizations (MDOs), the

Competitive Alternative to the Big 5

*Threat Level
* Opportunity Level