Credit: ricochet64/Shutterstock.com The Real Danger Behind EY Entering Legal Services Will Be Its Impact on Young Legal Talent
The Big Four firm's proposed split between its auditing and advisory wings could help it replicate its past successes in consulting and investment banking in a new industry.
September 21, 2022 at 05:00 AM
8 minute read
Law Firm Competition
The original version of this story was published on The American Lawyer
Big Four accounting firm EY revealed earlier this month it is putting to a partner vote a proposal to shed its audit business in a bid to free its consulting divisions—including legal services—of the constraints and conflicts of interest that inhibit their growth. While there are many reasons why law firms should see an audit-free EY as a threat, many legal observers and insiders think competition for talent will be where Big Law might suffer the most.
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