ADVERTISEMENT

Features

How the Big Four are eating into legal services

Thomson Reuters found that 13% of UK law firms said that they lost work to Big Four accounting firms with in-house legal services in the past year, as the ALSP market is now valued at £17bn of the total legal market. Could this be a potential new revenue stream for the industry at large and how can smaller firms also get a bite of the pie?

ADVERTISEMENT

The expansion of teams and offerings has always been what keeps accountancy firms ticking, as shown by Evelyn Partners’ recent acquisition of Feathers or by Burgis and Bullock’s expansion of its bookkeeping team. One surprising area that accountancy firms are expanding into is the legal market as alternative legal services providers (ALSPs). 

Show More
Back to top button