My peer and colleague, Leigh Dance, just posted this article in the LME group:
Turf war: Law firm bosses see Big Four as ‘threat’ as they aggressively expand into legal sector.
I’m leaving it in big, bold print because it is one of the most important things you can read today.
This is a pivotal moment in the legal industry, and I can already hear the lawyers doing what they were trained to do and do best: pick away at the argument and why it doesn’t or won’t apply to them:
Why is it important? We don’t have offices in London.
My clients don’t care about AI.
Well, if that’s the future, I’m outta here.
How’s this for a response:
Cornelius Grossmann, Ernst & Young’s global law leader, said in a press release that the acquisition “underlines the position of EY as a leading disruptor of legal services.” EY says the company will help it cut the costs of routine legal activities.
EY’s global legal leader Cornelius Grossman said: “We have a plan for the next five years where we will aggressively grow the legal business.”
“The Big Four will have a very large impact on the mid market. They have got such a strong client base and they are so good at integrating business services into their offering,” he said.
Continue Reading Can you handle the truth? Are you prepared for the new reality?