Alternative providers such as the Big Four accountancy firms are an increasingly visible component of the UK legal services market. The implementation of the Legal Services Act has brought a range of new players into the UK market while at the same time outfits such as Axiom, offering ‘alternative legal services’, have gained momentum.
All this is bringing monumental change to how the legal market is segmented. The traditional law firm may continue to dominate the market but management there is starting to ask questions about how resources are deployed. This is only encouraged by the presence of players such as Co-operative Legal Services in the ABS market, PwC Legal in the accountancy sector and Axiom, LoD and Riverview as prominent alternative legal service providers. [continued]
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