Page 17 - Legal and Accounting Markets 1985 -2022
P. 17
Global Law and Accounting Practices and Markets
The Big Four can also be considered
invaders even though they offices in
most countries and are local in every
sense.62 Their legal practices are an
invasion not different from the firms
entering the Houston market.
However, it is here that
opportunities are created. It means
that local law firms no longer will
refer to accounting firms but require
reliable substitutes.
It means also that Biglaw will refer to local law firms and local accounting offices. The potential exists because
law firm network members have the same competitive footprint as accounting networks and associations.
Cooperation and collaboration are only logical.
62 The Big Four’s Expansion in the Legal Services Market, ALM INTELLIGENCE (Sept. 2017), https://www.alm.com/intelligence/solutions-we-
provide/business-of-law-solutions/analyst-reports/elephants-in-the-room-the-big-4s-expansion-in-the-legal-services-market/.
15
The Big Four can also be considered
invaders even though they offices in
most countries and are local in every
sense.62 Their legal practices are an
invasion not different from the firms
entering the Houston market.
However, it is here that
opportunities are created. It means
that local law firms no longer will
refer to accounting firms but require
reliable substitutes.
It means also that Biglaw will refer to local law firms and local accounting offices. The potential exists because
law firm network members have the same competitive footprint as accounting networks and associations.
Cooperation and collaboration are only logical.
62 The Big Four’s Expansion in the Legal Services Market, ALM INTELLIGENCE (Sept. 2017), https://www.alm.com/intelligence/solutions-we-
provide/business-of-law-solutions/analyst-reports/elephants-in-the-room-the-big-4s-expansion-in-the-legal-services-market/.
15
