Page 36 - 1 Disruption and Opportunties - Law and Accounting rd
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Professional Services Disruption
Biglaw – Firms 25 to 500 Attorneys
Biglaw implies that the firms are global; however, the reality is that firms are international at best. Biglaw will
continue to consolidate in the high-end market. Network member firms represent a location for each firm to
find the talent to complete their team for any transaction.
The assumption is that these firms already have connections. There are only 300 firms in the United States
large enough to have any significant international practice.115 Networks can easily approach these firms
acting as a group. This provides all of them access to quality firms for their clients. These firms are not in
competition with local firms in the vast majority of countries.
If you put the charts together, one
discovers a fantastic and low-cost
opportunity.
Beyond the 25 largest, U.S. law firms
do not have large international
practices necessitating offices in
other countries. This does not
necessarily mean they do not have
international clients.116
115 United States-Based Law Firms, WIKIPEDIA, https://en.wikipedia.org/wiki/List_of_largest_United_States-based_law_firms.
116 Nicholas Bruch, ALM Legal Compass Snapshot: The NLJ 500, LAW.COM (June 28, 2018), https://www.law.com/2018/06/28/alm-legal-compass-
snapshot-the-nlj-500?et=editorial&bu=ALM%20Intelligence&cn=20180628&src=EMC-Email&pt=Analyst%20Brief.
33
Biglaw – Firms 25 to 500 Attorneys
Biglaw implies that the firms are global; however, the reality is that firms are international at best. Biglaw will
continue to consolidate in the high-end market. Network member firms represent a location for each firm to
find the talent to complete their team for any transaction.
The assumption is that these firms already have connections. There are only 300 firms in the United States
large enough to have any significant international practice.115 Networks can easily approach these firms
acting as a group. This provides all of them access to quality firms for their clients. These firms are not in
competition with local firms in the vast majority of countries.
If you put the charts together, one
discovers a fantastic and low-cost
opportunity.
Beyond the 25 largest, U.S. law firms
do not have large international
practices necessitating offices in
other countries. This does not
necessarily mean they do not have
international clients.116
115 United States-Based Law Firms, WIKIPEDIA, https://en.wikipedia.org/wiki/List_of_largest_United_States-based_law_firms.
116 Nicholas Bruch, ALM Legal Compass Snapshot: The NLJ 500, LAW.COM (June 28, 2018), https://www.law.com/2018/06/28/alm-legal-compass-
snapshot-the-nlj-500?et=editorial&bu=ALM%20Intelligence&cn=20180628&src=EMC-Email&pt=Analyst%20Brief.
33
