January 23, 2019

PwC Wants to Be a Big Law Firm When It Grows Up

How big? According to PwC's legal services leader in Australia and Asia, a top 20 in the world will do:

Tony O’Malley, Australia and Asia Pacific legal services leader, told AccountantsDaily the firm has clear global aspirations to establish itself as a top 20 international law firm.

The firm’s legal growth strategy, implemented over the past 18 months, is designed to build a high-quality legal team of more than 100 lawyers and with 20-25 partners, he said.

“We’ve probably been the most aggressive to date in the Australian market, which is a position we’re very happy to take,” Mr O'Malley said.

“The strategy was to focus on four areas that had strong natural adjacencies to the rest of the business: corporate advisory, regulatory, projects and infrastructure, and employment and immigration

As you may remember, EY Law's not taking such an aggressive stance on their prospects. Which is to say, PwC is making no bones about being a threat to global law firms. The candor is refreshing.

[AccountantsDaily]

Earlier: Big 4 Gunning for Big Law

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