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As a paradigmatic example of multiscale quantum criticality, we consider the Pomeranchuk instability of an isotropic Fermi liquid in two spatial dimensions, d = 2. The corresponding Ginzburg-Landau theory for the quadrupolar fluctuations of the Fermi surface consists of two coupled modes, critical at the same point, and characterized by different dynamical exponents: one being ballistic with dynamical exponent z = 2 and the other one is Landau damped with z = 3, thus giving rise to multiple dynamical scales. We find that at temperature T = 0, the ballistic mode governs the low-energy structure of the theory as it possesses the smaller effective dimension d + z. Its selfinteraction leads to logarithmic singularities, which we treat with the help of the renormalization group. At finite temperature, the coexistence of two different dynamical scales gives rise to a modified quantum-to-classical crossover. It extends over a parametrically large regime with intricate interactions of quantum and classical fluctuations leading to a universal T dependence of the correlation length independent of the interaction amplitude. The multiple scales are also reflected in the phase diagram and in the critical thermodynamics. In particular, we find that the latter cannot be interpreted in terms of only a single dynamical exponent whereas, e.g., the critical specific heat is determined by the z = 3 mode, the critical compressibility is found to be dominated by the z = 2 fluctuations.