Big Four v Big Law: what EY's Riverview deal means for the managed services market

EY has become the first of the Big Four to acquire a managed services law firm - but how will it impact the wider legal market?

In announcing its acquisition of alternative legal services provider Riverview Law, global accounting giant EY said the deal gave it a “first-mover advantage” in the legal managed services space.

Surely, more established players in that – such as Axiom, Elevate or UnitedLex – would quibble with that. But Cornelius Grossmann, global head of legal at EY, said the comment was meant to announce it as the first of the major accounting firms to acquire an established legal managed services provider.

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