The Big 3 Accountants pose a serious threat to the Top 200 law firms as they have the cash, opportunity and skills to enter the legal market quickly. It isn’t surprising that these Big 3 accountants have decided to diversify their offering into the legal market, which remains much more fragmented than the accountancy one. It makes logical sense for the accountants to seize some of it for themselves by diversifying into legal services, just as they did when they began to offer consultancy services.
Read MoreThe Future for High Street Firms Looks Challenging
Is the future for many High Street firms sustainable or are we close to seeing the shakeout that has been predicted for some time now as control of the distribution channels for traditional work is lost to new entrants and a smaller number of large players?
Read MoreBig Brands Ready to Dominate B2C Space
As new entrants are granted ABS licences and gear up to join the legal market we are about to see the profound impact that big brands will have on the way clients buy legal services.
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