Below is the introduction of The Big Four Are at the Door – And They’re Better at Meeting the Future Needs of Your Clients. The full report is available on the ALM Intelligence website.

ALM published its Elephants in the Room series beginning in late 2017, diving into the expansion of the Big Four — Deloitte, EY, KPMG, PwC — into the U.S. and U.K.-dominated legal industry, and examining the future of these organizations in that legal industry, with a focus on three strategic scenarios:

  1. Deepening Focus on Legal Services with an Accounting or Consulting Overlap: The legal arms of the Big Four could remain in their current form – ancillary businesses designed to support the core tax and advisory arms.
  2. Expanding into a “Full Service” Offering: The Big Four could expand into a wider range of legal services and transform their legal arms’ capabilities into standalone businesses similar to their current tax and consulting offerings. Such a move would bring them into direct competition with leading law firms.
  3. Developing a Managed Legal Service Offering: The Big Four could develop a range of managed legal services similar to the current offerings of alternative legal service providers.