In September, Sensei’s Sharon Nelson was featured in High Performance Counsel’s #TopOfMind. High Performance Counsel (HPC) is a place to find authentic leadership on a range of issues, including that of leadership itself in a changing industry, a digital workplace and a global economy.
Excerpt (Sharon’s Quote): Bloomberg BNA carried a story entitled “Big 4 Firms Plot Moves Into Global Niche Legal Markets.” The big four accounting firms are moving into the legal sector with increasingly aggression. PricewaterhouseCoopers, Deloitte LLP, Ernst & Young, and KPMG LLP are placing a laser focus on their British-based offices – and their lawyers – to win multinational clients.
While the U.S. has been glacially slow in adopting alternative business structures (ABS), things are moving rapidly in the UK. PwC now has 2,500 attorneys globally, Deloitte has 2,000, EY has 2,100 and KPMG has 1,700.
All four firms have the same strategy – to exploit their international presence to provide a one-stop shop for global deals. A PcW spokesman said that the firm’s 2,500 lawyers makes PwC the sixth or seventh largest global law firm. The integrated services that the big four can offer are an added draw.
Remember the function of canaries in coal mines? I hear a canary singing now.