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.

This premium content is reserved for
Legal Week Subscribers.

Subscribe today to get ALL ACCESS and 15% off!

A premium subscription gives you access to all articles and provides:

  • Trusted insight, news and analysis from the UK and across the globe
  • Connections to senior business lawyers within the leading law firms and legal departments
  • Unique access to ALM’s unrivalled, market-leading reporting in the US and Asia and cutting-edge research, including Legal Week’s UK Top 50 and Global 100 rankings
  • The Legal Week Daily News Alert, Editor’s Highlights, and Breaking News digital newsletters and more, plus a choice of over 70 ALM newsletters
  • Optimized access on all of your devices: desktop, tablet and mobile
  • Complete access to the site’s full archive of more than 56,000 articles

Subscribe Now For All Access

For enterprise-wide or corporate enquiries, please contact Paul Reeves on Preeves@alm.com or call on +44 (0) 203 875 0651