KPMG Law U.S. Seeks Alternative Business License in Arizona, Eyeing Legal Industry Shake-Up

KPMG Law U.S. is making a significant move by applying for a license under Arizona’s regulatory framework that permits both lawyers and non-lawyers to have ownership stakes in law firms. This regulatory approach, a recent introduction in the U.S., is somewhat reminiscent of practices familiar in countries like England and Australia, where such ownership structures have been in place for over a decade. This strategic step by KPMG aims to offer more flexible business models within the legal services industry and could potentially challenge traditional structures within the U.S. legal market. For further insights, read the full article on Law.com.