Law Firms and the Big Four
Will the Big Four reshape the future of legal services?
The legal sector is notoriously competitive. Centuries-old law firms dominate the market and make it very difficult for new players to come in. The Big Four accounting firms first entered the legal market in the late 90s, and despite their huge reach, they're still struggling to amass a huge client base and lure away heavy-hitters from the top law firms. Will this soon change?
Infographic by Dylan Brown, Content Lead at LexisNexis
Why are a growing number of lawyers joining the Big Four?
A position at one of the top law firms comes with a number of perks – prestige, prominence and a very generous payment package, to name just a few. So why are a growing number of lawyers choosing to join the Big Four accounting firms instead?
A 2018 survey by online job website CV-Library could highlight why – it found a significant proportion of legal sector workers are unhappy in their current positions and are looking for more.