You better watch your back, DLA Piper. PwC is coming for ya.
PwC’s legal operations brought in around £70 million ($91.82 million) in U.K. revenues during the 2017-18 financial year—a figure that would have put it only just outside the U.K. top 50 based on last year’s rankings.
The Big Four accounting firm, which received an alternative business structure (ABS) license in 2014 that enables it to integrate its legal arm into the wider business, now has about 350 fee earners in the U.K. offering advice in areas including cybersecurity and data protection, corporate reorganizations, disputes, employment, immigration, M&A, pensions and technology.
Deloitte was the last of the Big 4 firms in the U.K. to barge in on Big Law’s turf earlier this year. All four firms now have ABS licenses enabling them to practice legal services in the U.K. KPMG and EY also got their ABS licenses in 2014.
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Image: Shutterstock/Philip Lange