Page 6 - 1 Lawyers and Accountants - Global Disruption
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Professional Services Disruption
Today and Tomorrow
Setting the Stage: Law7 and Accounting8 - The $1.1 trillion market
Potential Projected Market Consolidation, 2018 to 20219
7 Attack of the Bean Counters, THE ECONOMIST (March 19, 2015); https://www.economist.com/news/business/21646741-lawyers-beware-accountants-
are-coming-after-your-business-attack-bean-counters; Taking on the World: The Big Four in the Global Legal Market, AMERICAN LAWYER (Oct. 18, 2017),
https://www.law.com/americanlawyer/sites/americanlawyer/2017/10/18/taking-on-the-world-the-big-four-in-the-global-legal-
market/?slreturn=20171117172407; Nicholas Bruch, David B. Wilkins & Maria J. Esteban Ferrer, Taking on the World: The Big Four in the Global Legal
Market, LAW.COM (Oct. 18, 2017), https://www.law.com/americanlawyer/almID/1202798449576.
8 Global Accounting Market Research Report, IBISWORLD (Sept. 2017), https://www.ibisworld.com/industry-trends/global-industry-reports/business-
activities/accounting-services.html; Auditor Market Share of S&P, AUDIT ANALYTICS (Feb. 27, 2017), http://www.auditanalytics.com/blog/auditor-
market-share-of-the-sp-500/; Mike Robinson, The Top 40 Networks & Associations of 2016, ACCOUNTANCY AGE (July 13, 2016),
https://www.accountancyage.com/2016/07/13/the-top-40-networks-2016-firms-switching-networks-like-a-game-of-musical-chairs/.
9 Chart adapted from: Steven Martin, 3 Charts Which Illustrate the Future of the Legal Industry, FRESH MINDS (April 13, 2017),
http://www.freshminds.net/2017/04/3-charts-illustrate-future-legal-industry/.
6
Today and Tomorrow
Setting the Stage: Law7 and Accounting8 - The $1.1 trillion market
Potential Projected Market Consolidation, 2018 to 20219
7 Attack of the Bean Counters, THE ECONOMIST (March 19, 2015); https://www.economist.com/news/business/21646741-lawyers-beware-accountants-
are-coming-after-your-business-attack-bean-counters; Taking on the World: The Big Four in the Global Legal Market, AMERICAN LAWYER (Oct. 18, 2017),
https://www.law.com/americanlawyer/sites/americanlawyer/2017/10/18/taking-on-the-world-the-big-four-in-the-global-legal-
market/?slreturn=20171117172407; Nicholas Bruch, David B. Wilkins & Maria J. Esteban Ferrer, Taking on the World: The Big Four in the Global Legal
Market, LAW.COM (Oct. 18, 2017), https://www.law.com/americanlawyer/almID/1202798449576.
8 Global Accounting Market Research Report, IBISWORLD (Sept. 2017), https://www.ibisworld.com/industry-trends/global-industry-reports/business-
activities/accounting-services.html; Auditor Market Share of S&P, AUDIT ANALYTICS (Feb. 27, 2017), http://www.auditanalytics.com/blog/auditor-
market-share-of-the-sp-500/; Mike Robinson, The Top 40 Networks & Associations of 2016, ACCOUNTANCY AGE (July 13, 2016),
https://www.accountancyage.com/2016/07/13/the-top-40-networks-2016-firms-switching-networks-like-a-game-of-musical-chairs/.
9 Chart adapted from: Steven Martin, 3 Charts Which Illustrate the Future of the Legal Industry, FRESH MINDS (April 13, 2017),
http://www.freshminds.net/2017/04/3-charts-illustrate-future-legal-industry/.
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