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Below is the introduction of Elephants in the Room Part II: The Future of the Big Four in the Legal Market. The full report is available on the ALM Intelligence website. 

Over the past decade, the Big Four, as the largest accounting firms have come to be known, have expanded aggressively into the legal market. Today, their legal arms are as large, at least in lawyer terms, as many of the biggest law firms in the world. As documented in an accompanying paper by ALM Intelligence, Elephants in the Room Part I: The Big Four’s Expansion in the Legal Services Market, the Big Four have penetrated many lower and mid-value areas of the legal market. In some areas, the Big Four have even eclipsed law firms as the primary provider of legal services.

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Nicholas Bruch, Director, ALM Intelligence

Nicholas is a Director at ALM Legal Intelligence. He is ALM’s principle analyst for the legal market and is the Director of the ALM Intelligence Fellows Program. Nick’s research on the legal market is regularly featured in The American Lawyer and other industry leading media outlets. Nick also speaks extensively on the legal market, keynoting major industry events and speaking at partner retreats for large and mid-sized law firms. Prior to joining ALM Legal Intelligence, Nick was part of Huron Consulting’s Law Firm Strategy Practice in the firm’s New York and London offices. Nicholas’s experience includes advising law firms and law department in developing and developed markets on issues related to strategy, business development, market intelligence, and operations. Nick holds a Masters of International Business from the Fletcher School at Tufts University and a BA in Economics and Philosophy from DePaul University.

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