Search
Contact
12.07.2018 | KPMG Law Insights, KPMG Law Insights

Study sees Big Four legal consultancies on the rise

Study sees Big Four legal consultancies on the rise

The legal consultancies of the major accounting firms have become serious players in the law firm market. In some areas, such as legal tech, they are even ahead, as a study by the market research company Lünendonk & Hossenfelder has shown.

In an increasingly networked world, cross-disciplinary solutions are in demand. For more and more tasks and mandates, legal expertise alone is no longer sufficient – understanding economic contexts, the client’s business model and its industry are just as important for many clients as innovative technological solutions that increase efficiency and enable completely new services.

The current Lünendonk study “Leading Commercial Law Firms in Germany” not only demonstrates the increasing competitive pressure that the Big Four’s legal advisory arms are bringing to the German law firm landscape. And it also highlights the Big Four’s gateways in. For this purpose, 32 commercial law firms and legal advisory units of accounting firms were surveyed, which, with an estimated market volume of 6.5 billion, account for more than a quarter of the total market.

One important result of the study is that the legal services provided by the accounting firms are growing more dynamically than the market as a whole. While the companies surveyed as a whole were already able to achieve strong growth in the 2016 financial year, averaging 9.3 percent, growth of 13.6 percent emerges when looking exclusively at the WP companies. So the cross-disciplinary approach is meeting demand.

Digitization on hold

The study examines how the industry is approaching digitization. While all respondents rate the strategic importance of big data, cloud services and other technological innovations as high, the majority continue to hold back on investments. Only a scant four percent of estimated revenue is expected to go to technical development outside of IT costs.

This rather wait-and-see attitude on the part of auditors is also evident when it comes to dealing with legal tech in everyday professional life. Almost all respondents are concerned with the issue. More than half, 58 percent, of the study participants already use individual legal tech applications. 75 percent, however, say that legal tech still plays a role primarily in strategy meetings or in discussions among partners. For a full eight percent, this topic of the future has played no role at all so far.

These numbers are adventurous: if all observers and participants attach great importance to the issue, then watching from the sidelines cannot be a promising strategy. Examples from other industries show that digitization is not a temporary phenomenon. We need to take the experiences of other industries to heart instead of ignoring them.

Lünendonk press feed:
Auditors push more strongly into legal advice
High starting salaries cause concern for commercial law firms

Explore #more

12.12.2025 | KPMG Law Insights

Focus offshore: NRW buys extensive tax data on international tax havens

According to recent press reports from December 11, 2025, the state of North Rhine-Westphalia has purchased an extensive data set with tax-relevant information from international…

12.12.2025 | Deal Notifications

KPMG Law advises The Chemours Company on the implementation and closing of a large-volume factoring financing

KPMG Law Rechtsanwaltsgesellschaft GmbH (KPMG Law) advised the US-American Chemours Company on the implementation of a cross-border factoring financing. The legal implementation was managed by…

11.12.2025 | KPMG Law Insights

First omnibus package to relax CSDDD, CSRD and EU taxonomy obligations

Negotiators from the EU Parliament and the Council have now reached an agreement on the outstanding points of the first omnibus package. The content of…

11.12.2025 | KPMG Law Insights

IPCEI-AI: Requirements for funding and evaluation criteria

On December 5, 2025, the Federal Ministry for Economic Affairs and Energy launched the expression of interest procedure for the “IPCEI Artificial Intelligence” (IPCEI-AI) funding…

11.12.2025 | In the media

Interview in TextilWirtschaft – What the relaxed EU supply chain law means for the industry

After weeks of debate, the weakened form of the CSDDD has now been adopted in Brussels. This brings new, complex legal uncertainties for companies, says…

02.12.2025 | KPMG Law Insights

Implementation of the Pay Transparency Directive: what the expert commission recommends

The EU Pay Transparency Directive has been in force since June 2023 and must now be transposed into German law. In the coalition agreement,…

28.11.2025 | In the media

KPMG Law Guest article Expert forum on employment law: Between theory and practice: The EU Blue Card and the right to short-term mobility within the EU

Nowadays, not only employees but also employers want to create more attractive working conditions. For some time now, so-called workstations / work-from-anywhere programs or other…

26.11.2025 | KPMG Law Insights

EU deforestation regulation forces companies to act

Anyone who trades in or uses the raw materials soy, oil palm, cattle, coffee, cocoa, rubber and wood and certain products made from them should…

25.11.2025 | KPMG Law Insights

Special infrastructure assets: how the administration manages to implement projects quickly

The special infrastructure fund creates the opportunity to catch up on years of investment backlog. There is a need for urgency. Defence capability, economic growth…

21.11.2025 | In the media

KPMG Law Interview in Real Estate I Haufe: Substitute building materials: “Secondary is not second class”

The Substitute Building Materials Ordinance is intended to harmonize the circular economy in construction, but legal uncertainty and bureaucracy are holding it back. How can…

Contact

Mathias Oberndörfer

Managing Director
Member of the Executive Board Service Tax - KPMG AG Wirtschaftsprüfungsgesellschaft

Theodor-Heuss-Straße 5
70174 Stuttgart

Tel.: +49 711 781923410
moberndoerfer@kpmg-law.com

© 2024 KPMG Law Rechtsanwaltsgesellschaft mbH, associated with KPMG AG Wirtschaftsprüfungsgesellschaft, a public limited company under German law and a member of the global KPMG organisation of independent member firms affiliated with KPMG International Limited, a Private English Company Limited by Guarantee. All rights reserved. For more details on the structure of KPMG’s global organisation, please visit https://home.kpmg/governance.

 KPMG International does not provide services to clients. No member firm is authorised to bind or contract KPMG International or any other member firm to any third party, just as KPMG International is not authorised to bind or contract any other member firm.

Scroll