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In announcing Tuesday its purchase of London-based alternative legal services provider Riverview Law, global accounting giant Ernst & Young said the deal gave it a “first-mover advantage” in the legal managed services space.

Surely, more established players in that business—such as Axiom Global Inc., Elevate Services Inc. or UnitedLex Corp.—would quibble with that. But Cornelius Grossmann, global head of legal at EY, the corporate brand for the Big Four outfit, said the comment was meant to announce it as the first of the major accounting firms to acquire an established legal managed services provider.

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