InGoodFaith wrote:bdubs wrote:thexfactor wrote:Im just curious why biglaw uses a different model than big4 accounting. Work seems to be relatively related and each profession has billable hours. In accounting, the big firms hire more people but pay them 1/3 of biglaw. Biglaw hires a lot less people but pays them 3x more.
Accounting firms don't thrive on prestige in the way that law firms do. It actually benefits a firm to have everyone know that they pay market salary because it legitimizes them as a reputable provider or peer of the really big guys.
Lawyers also seem to like collusion.
Not sure about the bolded. From my experience, accounting students say "Big4 or bust" in their job search.
That is true, but there isn't much meaningful competition among the big4 for labor. Sure, people go back and forth at the junior levels but they're not trying to show off their pool of accounting talent. Notice that accounting firms don't list their staff on their websites?