Categories:Corporate

EY appoints Addleshaws corporate chief to launch UK legal offering

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  • What a mess....

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  • Will be interesting to see what they make of it. Andy Tilsiter

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  • This is very sad. There are great people at AG, at all levels. All those watching from the sides and enjoying this, think on...everything goes in phases and when AG are in recovery it might be your firm's turn. Let's hope they get a leader who is worthy of them and that the partnership is able to work with him or her more effectively than they have managed to do with Paul Devitt.

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  • AG will be fine. All firms go through periodic wobbles. BLP anyone? Good luck to Phil. Big 4 looks set to dominate legal provision.

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  • Definitely a good move for Phillip Goodstone. If EY are seriously focusing on the legal services sector they will become a leading player very quickly. Their scale, network, brand, IT resources, and management capabilities are superior to any law firm and they have existing relationships with a huge range of companies.

    All professional services have a natural complementarity and there are clear economies of scale and benefits to clients.

    The legal services market is rapidly heading towards:

    - a handful of highly focused top end boutique style firms (eg Macfarlanes, Travers Smith, Sackers, arguably Slaughter and May)
    - global full service giants (eg accountancy firms, DLA Piper, Baker & McKenzie, Clifford Chance, Latham & Watkins)
    - firms with a strong position in local markets (eg Burges Salmon)
    - remote working/informal groupings of lawyers utilising the internet (eg Axiom)

    Any firm, however old or illustrious, not already firmly in one of those categories needs to take rapid action.

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  • What I don't understand is why the wheels seem to have come off AG. I nearly joined them back in the day when they genuinely seemed to be a contender. They were hip and had attitude. What on earth has happened since?

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  • Too many partners hiding behind management roles and pretending to be important. One day they might learn that the only currency that counts is clients.

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  • The accountants are coming. Not happy with their conquest of management consulting, they're pretending to be lawyers as well. Very soon, from cradle to grave, all your needs will be taken care of by a Big 4 professional.

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  • In the grand scheme of the things within the legal profession - Phillip Goodstone - who he?

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  • Agree, the threat from Big 4 is real and present. With their deep resources and ability to speak the language of business (offering solutions rather than lawyers solving problems) law firms are going to be left further behind. Most lawyers I speak to are thoroughly exhaused and fatigued by the constant billings race to the bottom with ever present job insecurity hanging over them. With that mind set, no way are they in a fit state to respond positively to the threat.

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  • @Anonymous (27-Mar-2014 5:09 pm) I did some research in 2010 on the future of the legal profession as a result of the LSA changes

    Sadly it is coming true and too many law firms still have their heads buried in the sand!

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