KPMG Seeks Legal Service Offering in U.S., Potential Catalyst for Big Four Expansion

In a significant shift within the legal industry, KPMG is making strides to offer legal services in the United States by seeking an alternative business license in Arizona. If successful, this move could pave the way for other members of the Big Four accounting firms to follow suit. University’s law professor Michele DeStefano describes it as a potential litmus test for such business structures in the U.S., noting that, “If KPMG can’t make it successful, then maybe nobody can in the U.S.” This development has the potential to prompt the American Bar Association to reconsider Rule 5.4, which traditionally prohibits nonlawyer ownership of law firms. For a more detailed analysis, engage further with the original article from Law.com.