Extract from Richard Tromans’ article “The EY Law Strategy: What Now And Where Next?”
Following last week’s massive news that Big Four firm, EY, had acquired the 1,000-strong Legal Managed Services (LMS) arm of Thomson Reuters, there remains one big question: what is EY’s strategy? Artificial Lawyer spoke with EY’s Global Law Leader, Cornelius Grossmann, to find out.
First things first, why? Why acquire 1,000 people in an LPO to add to EY’s already large number of lawyers and recently acquired group from Riverview?
Grossmann explains: ‘This allows us to immediately scale up our LMS. We did Riverview, but didn’t have scale. It was still comparatively small. We said we would scale up. And we have.’