Mergers should accelerate the delivery of an organisation's strategic goals. They can bring greater economies of scale, better geographic coverage and greater dominance of a market segment. But they are not without risk and the effort required to put firms together can undermine client value rather than enhance it.
Read MoreWhy The Big Accountants Pose A Threat To The Top 200 Law Firms
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?
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