EVERSHEDS, the City law firm, is to become one of the first legal practices to move into the consultancy arena when the firm launches an independent management consultancy service next week.
The new service, Eversheds Consulting, is hoping to rival organisations like PricewaterhouseCoopers and McKinsey & Co, which are already established in the market.
Eversheds Consulting will target general counsel – in-house lawyers – at large companies to advise on how to efficiently deliver legal services while keeping tabs on costs and risk management.
The move into the consultancy business is rare for a law firm and Eversheds Consulting will act as an independent company to the firm.
London partner Graham Richardson will a lead the consultancy business full time.
Richardson said: “The credit crunch started to change the way legal services are provided. There is a lot of pressure from the top to reduce legal spend.”