Bloomberg Law
June 25, 2018, 7:44 PM UTC

Deloitte to Compete in U.K. Legal Services Market

Deloitte LLP has become the last of the big accounting firms to change its legal status so that it can operate as a multi-disciplinary practice in the U.K., integrating legal with accounting and consulting services.

It announced on June 22 that it had received an alternative business structure (ABS) license allowing it to compete directly with U.K. law firms for business.

The rest of the Big Four—Ernst & Young LLP, KPMG LLP, and PricewaterhouseCoopers LLP—all received ABS licenses in 2014, following a loosening of the rules governing professional services firms so non-lawyers could own law firms.

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