The Big Four giants – EY PwC, Deloitte, and KPMG – have all launched legal arms to compete against the traditional legal sector, but recent cracks show that their vision is not playing out.

The Legal Services Act 2007 introduced Alternative Business Structure (ABS) licenses, which allowed the Big Four to compete in the UK legal market.

It wasn’t the firms’ first time in the market, having had legal practices since the 1990s, but the ABS saw the Big Four aggressively reshape their legal businesses.

PwC was the first Big Four to launch a dedicated legal services arm, PwC Legal, in 2014, followed shortly by EY and KPMG.

Read more of the story here 👇
www.cityam.com/big-four-the-slow-death-of-their-le…

Get more of City AM 👇
🌐 www.cityam.com/
X(formerly Twitter): twitter.com/CityAM
Facebook: www.facebook.com/cityam
Instagram: www.instagram.com/city_am
LinkedIn: www.linkedin.com/company/cityam

Produced by: Maria Ward-Brennan, Emmanuel Nwosu, Scarlett Wild, Joseph Curay-Teneda

#news #law #legal #legalservices #business #businessnews #economy #bigfour #kpmg #deloitte #pwc #ey #uk #uknews #ukeconomy #ukbusiness #uklaw