Lawyers scratching the surface of a $250 billion industry

Compliance has become Australia’s fastest growing sector and is currently worth $250 billion a year according to the business unit of the CSIRO known as Data61. Law firms have mostly been scratching the surface of this opportunity by providing the high level advices that law firms traditionally provide. Change is happening and 2018 may become the year of going vertical. You may hear the objection that law firms don’t get involved in their clients’ operational issues. That may still be a widely held belief but not one held by a couple of big name professional services organisations such as PWC and Norton Rose.  […]