Big Law firms and the Big Four accountancies benefit most when they find ways to work together, representatives of two of the Big Four said.
The discussion at the Legalweek conference in New York comes in the wake of proposals in several states to loosen or scrap law firm ownership rules.
If that happens, law firm leaders have expressed concerns about new competition from EY, KPMG, Deloitte, and PwC, which dwarf the largest American law firms in revenues and have built large legal operations in other countries.
“To focus on the market share we might take (from Big Law) is ...