KPMG has moved a significant step closer to establishing itself as a legal services provider in the United States by receiving preliminary approval to form a legal services arm in Arizona. This development positions KPMG to potentially become the first among the Big Four accounting firms—alongside Deloitte, EY, and PwC—to enter the U.S. legal market in this capacity.
On Tuesday, the Committee on Alternative Business Structures in Arizona recommended the state Supreme Court issue a license to KPMG Law US. The Arizona Supreme Court is scheduled to make its final decision on January 28. This marks an important moment for both KPMG and the broader landscape of legal service offerings within the U.S. market.
KPMG leaders have indicated that the new legal entity would focus on post-transactional services. This includes integrating legal contracts and technology solutions to enhance the efficiency of clients’ business operations. The firm’s newest endeavor is expected to leverage its existing accounting and advisory services, creating a comprehensive suite for clients navigating complex regulatory environments across various sectors.
Arizona has become a landmark for such expansions due to its recent reforms facilitating non-lawyer ownership of law firms. These regulatory changes have attracted interest from various professional services firms seeking to diversify their service offerings by entering into the legal domain.
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