The landscape of legal services is evolving as United States law firms secure alternative business structure (ABS) licenses in the United Kingdom. High-profile firms, including Reed Smith, Perkins Coie, and Alston & Bird, are seizing these opportunities amidst the absence of similar licenses in their home country. Meanwhile, KPMG awaits a decision from Arizona to determine whether it will be granted an ABS license in the U.S. This development highlights the contrasting regulatory approaches between the two jurisdictions and the strategic moves by American firms to navigate this landscape.
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