Arizona Supreme Court Deliberates KPMG’s Bid for U.S. Law Firm Ownership

The fate of KPMG’s ambitious effort to establish ownership of a U.S. law firm is still in the hands of the Arizona Supreme Court. Following a scheduled meeting, the court has yet to render a decision on the application from KPMG, a major player in the accounting sector. This ongoing deliberation highlights the intricate balance legal authorities must strike between innovation in corporate structures and existing professional regulations that traditionally separate legal practice from non-lawyer ownership. For further details on this developing story, refer to the article available on Law360.