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The Big 4 (Quietly) Grabs Market Share

By In-House Ops on August 12, 2021
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In a piece from The Lawyer, Katy Dowell pulled together an interesting analysis of the Big Four’s focus on law. While we have not seen seismic shifts arising from the granting of ABS licenses to three of the Big Four in 2014 (Deloitte came later in 2018), we are seeing a steady and burgeoning growth in market share. And this land grab seems to be far enough below the radar that its victims, big law firms, have not recognized or reacted to the threat. Indeed, in a study by Harvard Law School, 70% of them said they have no plans to change strategic direction as a result of the Big Four. Dowell points out that work law firms bemoan as low margin, such as government and public sector work, can be highly profitable for the Big Four and a path to more strategic and lucrative work. Read more at Elevate.

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