Innovation & Disruption: The Big Four’s Expanded Services Rock the Global Legal Landscape & What Can Europe Expect GUEST SPEAKER PRESENTATION | 13:45 – 15:00 Speaker: James Willer, Senior Analyst, Legal Department, Litigation, ALM Intelligence Innovation & Disruption: The Big Four’s Expanded Services Rock the Global Legal Landscape & What Can Europe Expect James Willer, Senior Analyst, ALM Legal Intelligence +447585663155 | [email protected] Deloitte becomes last of Big Four to get UK ABS PwC Law UK reports Thompson KPMG invests in license for legal services 13% y-o-y revenue grown London corporate estimates Big 4 practice EY acquires UK based legal revenues to Deloitte signs alliance with ASP, Riverview Law be $1.2b Berry Appleman & Leiden KPMG announces EY, KPMG and PwC creates EY makes corporate and energy plays to double Deloitte expand US law firm focused lateral hires in Hong global legal team Asia teams Kong, Beijing and Shanghai Sept Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Jan Feb 2017 2018 2019 PwC signs KPMG alliance w/ launches PwC expands flexible Deloitte, PwC, and EY launches Fragomen in-house PwC launches flexible lawyering service foreign law practices in Singapore lawyering service consulting arm internationally KPMG hires 130 lawyers PwC makes invests in Singapore Actricas report finds Big from leading based competition practice Four as most well French firm KPMG makes known ASP brands prominent lateral hire KPMG reports in Australia PwC hires two prominent corporate 30% growth in Deloitte expands Singapore and partners in Hong from leading global firms legal services Hong Kong corporate teams revenue Deloitte becomes last of Big Four to get UK ABS PwC Law UK reports Thompson KPMG invests in license for legal services 13% y-o-y revenue grown London corporate estimates Big 4 practice EY acquires UK based legal revenues to Deloitte signs alliance with ASP, Riverview Law be $1.2b Berry Appleman & Leiden KPMG announces EY, KPMG and PwC creates EY makes corporate and energy plays to double Deloitte expand US law firm focused lateral hires in Hong global legal team Asia teams Kong, Beijing and Shanghai Sept Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Jan Feb 2017 2018 2019 PwC signs KPMG alliance w/ launches PwC expands flexible Deloitte, PwC, and EY launches Fragomen in-house PwC launches flexible lawyering service foreign law practices in Singapore lawyering service consulting arm internationally KPMG hires 130 lawyers PwC makes invests in Singapore Actricas report finds Big from leading based competition practice Four as most well French firm KPMG makes known ASP brands prominent lateral hire KPMG reports in Australia PwC hires two prominent corporate 30% growth in Deloitte expands Singapore and partners in Hong from leading global firms legal services Hong Kong corporate teams revenue Deloitte becomes last of Big Four to get UK ABS PwC Law UK reports Thompson KPMG invests in license for legal services 13% y-o-y revenue grown London corporate estimates Big 4 practice EY acquires UK based legal revenues to Deloitte signs alliance with ASP, Riverview Law be $1.2b Berry Appleman & Leiden KPMG announces EY, KPMG and PwC creates EY makes corporate and energy plays to double Deloitte expand US law firm focused lateral hires in Hong global legal team Asia teams Kong, Beijing and Shanghai Sept Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Jan Feb 2017 2018 2019 PwC signs KPMG alliance w/ launches PwC expands flexible Deloitte, PwC, and EY launches Fragomen in-house PwC launches flexible lawyering service foreign law practices in Singapore lawyering service consulting arm internationally KPMG hires 130 lawyers PwC makes invests in Singapore Actricas report finds Big from leading based competition practice Four as most well French firm KPMG makes known ASP brands prominent lateral hire KPMG reports in Australia PwC hires two prominent corporate 30% growth in Deloitte expands Singapore and partners in Hong from leading global firms legal services Hong Kong corporate teams revenue Deloitte becomes last of Big Four to get UK ABS PwC Law UK reports Thompson KPMG invests in license for legal services 13% y-o-y revenue grown London corporate estimates Big 4 practice EY acquires UK based legal revenues to Deloitte signs alliance with ASP, Riverview Law be $1.2b Berry Appleman & Leiden KPMG announces EY, KPMG and PwC creates EY makes corporate and energy plays to double Deloitte expand US law firm focused lateral hires in Hong global legal team Asia teams Kong, Beijing and Shanghai Sept Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Jan Feb 2017 2018 2019 PwC signs KPMG alliance w/ launches PwC expands flexible Deloitte, PwC, and EY launches Fragomen in-house PwC launches flexible lawyering service foreign law practices in Singapore lawyering service consulting arm internationally KPMG hires 130 lawyers PwC makes invests in Singapore Actricas report finds Big from leading based competition practice Four as most well French firm KPMG makes known ASP brands prominent lateral hire KPMG reports in Australia PwC hires two prominent corporate 30% growth in Deloitte expands Singapore and partners in Hong from leading global firms legal services Hong Kong corporate teams revenue Deloitte becomes last of Big Four to get UK ABS PwC Law UK reports Thompson KPMG invests in license for legal services 13% y-o-y revenue grown London corporate estimates Big 4 practice EY acquires UK based legal revenues to Deloitte signs alliance with ASP, Riverview Law be $1.2b Berry Appleman & Leiden KPMG announces EY, KPMG and PwC creates EY makes corporate and energy plays to double Deloitte expand US law firm focused lateral hires in Hong global legal team Asia teams Kong, Beijing and Shanghai Sept Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Jan Feb 2017 2018 2019 PwC signs KPMG alliance w/ launches PwC expands flexible Deloitte, PwC, and EY launches Fragomen in-house PwC launches flexible lawyering service foreign law practices in Singapore lawyering service consulting arm internationally KPMG hires 130 lawyers PwC makes invests in Singapore Actricas report finds Big from leading based competition practice Four as most well French firm KPMG makes known ASP brands prominent lateral hire KPMG reports in Australia PwC hires two prominent corporate 30% growth in Deloitte expands Singapore and partners in Hong from leading global firms legal services Hong Kong corporate teams revenue Deloitte becomes last of Big Four to get UK ABS PwC Law UK reports Thompson KPMG invests in license for legal services 13% y-o-y revenue grown London corporate estimates Big 4 practice EY acquires UK based legal revenues to Deloitte signs alliance with ASP, Riverview Law be $1.2b Berry Appleman & Leiden KPMG announces EY, KPMG and PwC creates EY makes corporate and energy plays to double Deloitte expand US law firm focused lateral hires in Hong global legal team Asia teams Kong, Beijing and Shanghai Sept Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Jan Feb 2017 2018 2019 PwC signs KPMG alliance w/ launches PwC expands flexible Deloitte, PwC, and EY launches Fragomen in-house PwC launches flexible lawyering service foreign law practices in Singapore lawyering service consulting arm internationally KPMG hires 130 lawyers PwC makes invests in Singapore Actricas report finds Big from leading based competition practice Four as most well French firm KPMG makes known ASP brands prominent lateral hire KPMG reports in Australia PwC hires two prominent corporate 30% growth in Deloitte expands Singapore and partners in Hong from leading global firms legal services Hong Kong corporate teams revenue Deloitte becomes last of Big Four to get UK ABS PwC Law UK reports Thompson KPMG invests in license for legal services 13% y-o-y revenue grown London corporate estimates Big 4 practice EY acquires UK based legal revenues to Deloitte signs alliance with ASP, Riverview Law be $1.2b Berry Appleman & Leiden KPMG announces EY, KPMG and PwC creates EY makes corporate and energy plays to double Deloitte expand US law firm focused lateral hires in Hong global legal team Asia teams Kong, Beijing and Shanghai Sept Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Jan Feb 2017 2018 2019 PwC signs KPMG alliance w/ launches PwC expands flexible Deloitte, PwC, and EY launches Fragomen in-house PwC launches flexible lawyering service foreign law practices in Singapore lawyering service consulting arm internationally KPMG hires 130 lawyers PwC makes invests in Singapore Actricas report finds Big from leading based competition practice Four as most well French firm KPMG makes known ASP brands prominent lateral hire KPMG reports in Australia PwC hires two prominent corporate 30% growth in Deloitte expands Singapore and partners in Hong from leading global firms legal services Hong Kong corporate teams revenue Discussion Topics 1. Current State: The Big Four’s legal arms in 2019 2. The Future: The Big Four’s strategy for expansion in the legal market 3. The Bigger Picture: How the Big Four fit into broader legal market trends 4. Questions & Answers The Current State The Big Four’s Legal Arms in 2019 The Big Four’s legal arms are significantly larger than most law firms and law departments appreciate Global law firms vs. legal arms of Big Four accounting firms Top 10 largest law firms by number of lawyers vs. the legal arms of The Big Four Global Law Firm Lawyers Countries Rank Top 10 Global Law Firms Average