This year’s Business Leadership Report is a ‘must-have’ for any provider that wants to know what its clients are really thinking when it comes to selling legal services. The report focuses on the growing range of alternative legal services and innovations provided by both traditional firms and new model law entrants. It quizzes clients on their attitudes towards these services, their uptake of them and pinpoints which are head and shoulders above the rest... Read more
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Four leading US law firms have approached Price Waterhouse in the past month about an association or possible merger. The move is a first indication that US law firms may globalise their businesses hand-in-hand with the Big Six accountants rather than with UK law firms.
Paul Downing, head of Price Waterhouse's European legal network, told The Lawyer that four US practices - one of which was one of the leading firms in North America - had approached PW within the past four weeks.
Partners from two of the firms came to Price Waterhouse's headquarters in London to float various proposals, which included putting US lawyers in Price Waterhouse's overseas offices.
It is likely that the US firms have approached other Big Six accountants with similar plans.
The reason for the sudden flurry of interest is not clear, although it may have been triggered by Coopers & Lybrand's announcement on 8 February this year- widely publicised in the US legal press - that it was forming its own standalone law firm in the UK.