With deep pockets, global footprints and resources to spare, the Big Four have emerged as significant players in the legal market while forcing incumbents to reconsider long-standing strategies. Thomson Reuters, for example, sold its legal managed services arm Pangea3 to EY last April in the hopes of transitioning from Big Four competitor to Big Four solution provider. But will traditional law firms attempt to execute the same maneuver?
Law firm tech subsidiaries aren’t necessarily opposed to the idea of hawking their wares to the Big Four, but the ongoing competition between the two entities, as well as all of the moving parts involved, may prevent such a relationship from truly taking flight.
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