If you haven't heard already, where have you been? We’re only two weeks into the New Year and accounting giant Deloitte has confirmed that it’s making its way into the UK legal services market with the announcement that it is currently in talks with the Solicitors Regulation Authority (SRA) to secure an application for an ABS licence.

This would make Deloitte the last of the 'Big Four' accounting firms to become an ABS.

The legal sector has become increasingly competitive in the last 10 years following the enactment of the Legal Services Act in 2007. What we can take from this latest development is that the law firms who want to survive and thrive will need to keep innovating and adapting to change. AI, tech, you name it, are all options that need to be explored.