As Law Firms Stall, Who Will Overtake Them in the Innovation Race?

This month, a legal arm of one of the Big Four accounting firms hired a top executive from Axiom Global Inc. 

At the end of last year, that same business unit began selling automated contracts directly to clients. And in the future, the accounting firm wants to sign deals to take over the entire in-house legal function for clients.

This three-pronged strategy—building proprietary technology, offering an Axiom-like staffing model and outsourcing legal departments—is perhaps the most well-articulated among the Big Four's plans to alter the legal industry. Yet it is also little-known in the U.S. law firm market.

And for a simple reason: Those plans come from PwC Switzerland.

[Click here to read the entire article on American Lawyer's website.]

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