Wake Up Call: As Big Four Enter Legal Profession, Some Law Firms Push Back, in Tax

As Big Four accounting groups--Deloitte, EY, KPMG, and PwC--aggressively expand into legal services, many U.K. lawyers say they fear they will struggle to compete. (Bloomberg Tax via BLB) For now, the Big Four is barred from making a big entry into the U.S. legal market, but that could change. (BLB)
On the flip side, some Big Law firms are pushing into the Big Four’s turf. Encouraged by recent global tax reforms, countries are increasing scrutiny of how multinational corporations shift their profits among subsidiaries to lower, sometimes drastically, their tax bills. Big Four firms have tended ...

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