• Big 4

    Deloitte US Will Definitely Not Practice Law, You Guys

    By | February 24, 2015

    Soon-to-be official Deloitte U.S. CEO Cathy Engelbert is sure making the rounds on the interview circuit these days. This is a good thing, as it allows everyone to get to know her before she begins her term next month.

    In an interview with Forbes contributor David Parnell, Chatty Cathy makes it clear Deloitte U.S. will not be getting into the law space. Not now, not ever. At least, not unless the law changes.

    Parnell: In the BigLaw space, there is a significant amount of speculation about whether or not the Big Four will be looking to eventually merge with a major law firm. What are your thoughts on that? Are there aspirations to ultimately move into the legal space?

    Engelbert:  I can be quite direct.

    We’d like to point out that this statement is the polar opposite of the media training she’s received.

    Okay:

    Deloitte cannot practice law in the United States, given our other businesses and how we are regulated. Therefore, we have no plans to enter into the legal market or to compete with law firms here in the US.

    As you know, we work with lawyers in a very collaborative way to help our clients address their critical and complex business issues, transactions, crises, etc. We work very closely with them, but, again, have no plans to practice law or to compete with law firms here in the US.

    Sorry, unemployed lawyers hoping to see a Big 4 merger, not going to happen. Not here, anyway.

    As for other countries? “I don’t have any comment on plans outside of the US. Obviously, different countries have different regulations, and I know there are different models outside the US, but I don’t have any comment that is specific to the strategy of other DTTL (Deloitte Touche Tohmatsu Limited) member firms,” Engelbert said.

     

    • billbrasskey

      She should have just said,

      “Thanks for wasting my time, David.

      You’re an asshole for not realizing this isn’t even possible. It’s like trying to mate an alligator with an aardvark. You are a moron and a disgrace to your employer, both of which are supposed to be knowledgeable on business matters.

      Good day to you.”

      • iamthelolrus

        Or:

        “Shouldn’t the assholes in Big Law know that’s illegal?”

      • Guešt

        An allivark would be awesome!

        Come on scientists, give us an allivark

      • IndenturedServant

        lol @ assuming forbes contributors are knowledgeable about anything. if you want real business coverage read WSJ, financial times, or to a lesser extent the economist.

    • Big4Veteran

      She would have never been asked this question if she were a man.

    • cheryl

      They may have asked her because Deloitte is trying to do it in Canada.