Someone has a crush on professional service providers, but they’re not the general counsel: the great law and the struggle to stay attractive

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Unimaginable supply chain challenges, scarcity of human resources and the worrying fallout from inflationary pressure make corporate CFOs feel vulnerable. When people feel vulnerable, they look for comfort and support. Fortunately, for global CFOs, they can get the love they are looking for with sophisticated consulting services provided by the Big Four accounting firms. Whether it is assistance with auditing, cost segregation studies, internal controls, tax strategies, transfer pricing and other necessary services, rapid responses and forward-looking strategies through a vast network of experts located around the world are at their disposal. Many CFOs and audit committees blink fondly at this wide array of providers ready to answer questions and solve problems, all at an agreed fixed price.

While the Big Four may be getting sweet notes in their locker on the upcoming prom and what to wear for the big ball, law firms around the world are sitting on the phone, scribbling around. logos of their firms and listing their wonderful credentials over and over and over again, dreaming that their favorite company’s general counsel will see how cute and smart they are and call them maybe tonight, tomorrow or surely from here on weekends. After all, the GC and the Legal Operations gang have always called before. Everyone who is anyone has always known that the law firm is totally GOAT. Also, they have to call because only the law firm can offer certain legal services that the company cannot get anywhere else. And anyway, the other service providers are very busy right now, so they’ll have to settle for the law firm. Law?


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