Legal consulting is an extremely niche branch in the business, and the MBB and the Big 4 seal the top positions. This article will provide brief definitions and rankings of best legal consulting firms in the industry.
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What is legal consulting?
Legal consulting helps firm obey the law, technically
In management consulting, legal consulting offers legal advice to their clients and ensures that their business & operations are in compliance with the law, as well as helping clients deal with disputes, draft legal documents, etc. Legal consulting is an expertise classification of management consulting.
Most legal consulting firms belong to 2 groups: the big consulting powerhouses that have their own sales consulting arm (MBB, Big 4) and boutique firms that focus on a local geographical area. There are no “truly” legal consultancies that can compete toe-to-toe with the big firms.
Legal consulting salary and compensation
On average, a legal consultant can make around $75,000 a year before bonuses. Depending on your experience, qualifications, seniority and how big the firm is, the average annual salary may range from $40,000 to $139,000. Consulting firms can offer fringe benefits like vacation, sick leave, travel reimbursements and so on.
Top legal consulting firms in the US
The following lists are sourced from Consultancy.org. It is a consultant global network that includes. consulting.us, consultancy.eu, consultancy.asia. Consultancy.org ranks firms based on depth of offerings, advisory, expertise, track records and quality of thought leadership. Data is collected from both clients and consultants.
Ranking |
Firms |
1 |
Deloitte |
2 |
Accenture |
3 |
McKinsey & Company |
4 |
Oliver Wyman |
5 |
PwC |
6 |
KPMG |
7 |
EY |
8 |
Alvarez & Marsal |
9 |
Bain & Company |
10 |
Baker Tilly |
11 |
Cordence Worldwide |
12 |
Grant Thornton |
13 |
North Highland |
Top legal consulting firms in Europe
Ranking |
Firms |
1 |
KPMG |
2 |
Deloitte |
3 |
McKinsey & Company |
4 |
Alvarez & Marsal |
5 |
Bain & Company |
6 |
Cordence Worldwide |
7 |
North Highland |
Top legal consulting firms in Asia
Ranking |
Firms |
1 |
KPMG |
2 |
Deloitte |
3 |
FTI Consulting |
4 |
McKinsey & Company |
5 |
Alvarez & Marsal |
6 |
Bain & Company |
7 |
Cordence Worldwide |