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Bigger. Better. Both?

  • 1 June, 2015

    State of the MBB, Next Four and Big Four strategy consulting empires

    . Consulting. Management consulting. Mergers & Acquisitions. Strategy

    “Some theories of the business are so powerful that they last for a long time. But eventually every one becomes obsolete” Peter Drucker, The Theory of the Business, September 1994 In October 2013 Clayton Christensen, Dina Wang and Derek van Bever wrote an article in the Harvard Business Review in which they posited consulting is […]

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  • 16 February, 2015

    Clash of the Titans: Big Four vs MBB vs BigLaw

    . Accounting. Law. Management consulting. Mergers & Acquisitions. Strategy

    “What’s past is prologue” William Shakespeare The professions are like evolving organisms, each continuously evolving to thrive in its environment. As my colleague, Dr George Beaton pointed out, each profession – accountancy, law and management consulting – started and grew in a profession-specific silo. But now these silos are breaking down, fast. So to understand […]

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  • 12 January, 2015

    Applying Clayton Christensen’s theories to BigLaw vs NewLaw

    . Law. Strategy

    Harvard’s Clayton Christensen introduced his theory of disruptive innovation in The Innovator’s Dilemma, published in 1997. While challenged earlier last year in an article in The New Yorker, Christensen’s work on the origins and consequences of disruptive innovation continues to be held as gospel in management thinking. In 2013 he applied his theory to the management […]

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  • 9 December, 2014

    Big Four vs BigLaw: Clash of professions

    . Accounting. Law. Strategy

    The Big Four are du jour of the legal industry as reports in The Lawyer and The American Lawyer reveal these ‘accountants’ are back in the legal arena. While the BigLaw fraternity is grappling with competition from NewLaw upstarts and their clients becoming their competitors, BigLaw now has the added headache of competitive pressures from […]

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  • 14 April, 2014

    Limitless? Big Four strategic moves in consulting

    . Accounting. beatonbenchmarks. Management consulting. Mergers & Acquisitions. Strategy

    “Single cell organisms are not born to evolve they are meant to thrive in their existing environment; multicellular organisms mutate to evolve to survive in the changing environment.” Clayton Christensen at the 2013 Business Influentials Seminar in Melbourne The recent acquisition of Booz & Company by PwC marks another monumental move by the Big Four […]

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  • 11 April, 2014

    NewLaw down under

    . beatonbenchmarks. Law. LPO. Other professional services. Strategy

    “I come from a land down under Where beer does flow and men chunder Can’t you hear, can’t you hear the thunder? You better run, you better take cover.“ Men at Work, Down Under, 1981 These lyrics from Men at Work’s hit single propelled the Australian act into international stardom in the 1980s. Since the […]

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  • 24 February, 2014

    5 opportunities for professional services firms in the Asian Century

    . Accounting. Asia. Law. Management consulting. Strategy

    ‘I have not told half of what I saw’ – Marco Polo The Venetian explorer was the first to reveal Asia to the Christian West in his infamous book, Livres des merveilles du monde written during the 13th Century. The book, which is the first documented account of Asia, triggered the Age of Discovery. The Asian […]

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  • 18 October, 2013

    What Voltaire might have said about NewLaw

    . Law. Other professional services. Strategy

    “Our wretched species is so made that those who walk on the well-trodden path always throw stones at those who are showing a new road” -Voltaire, Dictionnaire Philosophique published in 1764. There are times when we at Beaton Capital wonder whether Voltaire might have said this about us based on our contributions to the debate […]

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  • 13 September, 2013

    2018: The year Axiom becomes the world’s largest legal services firm

    . Law. Strategy

    “Upstarts will first capture new and low-end customers, and then gradually move upmarket to pick off higher-end customers from incumbents” Clayton Christensen in his seminal Harvard Business Review article in 1995. 2018 is the year Axiom may become the world’s largest legal services firm. Last week the UK’s trade magazine The Lawyer published a series […]

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  • 3 July, 2013

    Are the Big 4 low-balling price just to stay in the game?

    . Accounting. beatonbenchmarks. Strategy

    Beaton’s large-scale independent research shows Australia’s Big 4 firms are progressively low-balling their average price. At least this is how their clients perceive the Big 4’s fees over the last six years. It appears the Big 4 are dropping their prices to maintain market share. Here’s some of the publicly-available evidence. The game for audit… […]

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  • 9 April, 2013

    The Charmed Circle of BigLaw firms in the USA

    . Law. Mergers & Acquisitions. Strategy

    We reviewed London’s Magic Circle of BigLaw firms in a post last month; this month we take a close look at the Charmed Circle law firms in the USA. Members of both circles are elite, some would say stratospheric, law firms. It has been nearly a decade since The Economist examined the different strategies adopted […]

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  • 7 March, 2013

    The privileges of Magic Circle membership

    . Law. Strategy

    “The empires of the future are the empires of the mind.” Winston Churchill The legal reporters who invented the term ‘Magic Circle’ have received no recompense for the enormous economic benefits these two words bestow on its five members. Descriptors like the ‘Big Four’ in accountancy, ‘MBB’ in strategy consulting, ‘German luxury cars’ in automotive […]

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  • 23 November, 2012

    Law firms jockeying for position in the Asian Century

    . Asia. Law. Mergers & Acquisitions. Strategy

    “Whoever is first in the field and awaits the coming of the enemy will be fresh for the fight; whoever is second in the field and has to hasten to battle will arrive exhausted.” Sun Tzu, The Art of War Asia the battlefield… The Australian government recently released its white paper on Australia in the […]

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