Remaking news of the week: Deloitte acquires law offices

On Law.Com on June 06, 2018, Dan Packel reported that Deloitte UK will acquire the Berry Appleman & Leiden’s eight overseas offices. This is in addition to regulation-circumventing (my words) alliance between Deloitte and Berry Appleman & Leiden’s US operations. 

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Big Four’s Big Bite

“Just when you thought it was safe to go back in the water …” Thirty years ago, that was the tagline for Jaws 2, the 1978 second installment to the iconic shark movie, Jaws, that three years earlier kept many movie goers from daring to dip a toe in the water never mind venture out for a swim.

The odds of being killed by a shark are 1 in 3,748,067. Furthermore, according to the Florida Museum of Natural History, you’re more likely to be killed by fireworks (1 in 340,733), lightning (1 in 79,746), drowning (1 in 1,134), a car accident (1 in 84), stroke (1 in 24), or heart disease (1 in 5).

However, if you’re a law firm, the odds of being badly bitten by one or more of the Big Four professional services firms are chillingly high.

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The accountants re-enter legal. Meh!

There are countless articles on the threat of the Big 4 re-entering the legal market. Yes, they’re cashed-up, capable and well-connected, but I don’t think it will be as smooth a road for them as many are predicting. A deeper analysis suggests there are six factors that will limit their growth.

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Deloitte shows its legal services hand

Those who watch the Big Four and BigLaw and place bets on possible future scenarios will be interested in the news that Deloitte is to become the final member of the Big Four to use an ABS structure in the UK to further its (domestic and global) ambitions.

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OMG! The accountants are coming!

I’ve titled my post ‘OMG! The accountants are coming!‘ prompted by the recent report in Bloomberg’s BigLaw Business titled Law Firms, Regulators Keep Eye on Big Four Move to Legal Services.

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