Bloomberg Law
April 6, 2021, 9:08 PM

Global Law Leaders Said to Ignore Big Four Threat—For Now

Sam Skolnik
Sam Skolnik

Seventy percent of top global law firm leaders say they’re not making strategic changes in response to the competitive threat from the Big Four accounting companies, according to a new Harvard Law School study.

Fifteen percent of the 20 law firm leaders polled said they aimed for more “complementary” relationships with the Big Four—which include PwC, Deloitte, EY, and KPMG—while the remaining 15% said they were already busy transforming their firms by expanding to be able to provide “multi-professional, integrated solutions,” according to the study.

Momentum has been building for states to loosen law firm ownership rules, changes that ...

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