Mentioning “the Big Four” is a great way to pique people’s interest in business-of-law circles. Want someone to stand with you around a cocktail table at a legal conference? Have something to say about how or when the large accounting firms—Deloitte, EY, KPMG, and PwC—will make a formal entry into U.S. legal practice.
U.S. law firms are still somewhat insulated from competition from the Big Four by attorney ethics rules that, in theory, bar them from practicing U.S. law. When and how the large accounting firms will enter the practice of U.S. law is one of the biggest debates in ...