Only two weeks into the new century and the accountants have already fired their first salvos.
This week The Lawyer reveals that former Clifford Chance managing partner Tony Williams is leaving the world’s biggest law firm to coordinate the integration of Andersen Legal’s global network. The move of such a high-profile and well-respected lawyer will be seen as a symbolic victory, not only for the accountants, but also for the future of MDPs.
In the same week, Masons and Simmons & Simmons suffer at the hands of accountants by losing top partners to KLegal, the legal arm of KPMG. The appointments are part of an aggressive recruitment policy by the accountancy firm, which intends to have 100 lawyers based in London by the end of 2000.
Though the misfortunes of several “accounta-lawyers” such as Garretts have been well documented, this week the MDP camp gain significant victories.
Some may continue to believe that full MDPs will not become a serious threat to the traditional law firm. While they keep sticking their head in the sand, the accountants are taking over the playground.