In a notable development for the legal industry, KPMG has obtained a license from the Arizona Supreme Court to offer legal services under the state’s Alternative Business Structure (ABS) program. This approval marks a significant move by KPMG as it seeks to expand its footprint in the legal sector by establishing a law firm in the United States. However, the Arizona Supreme Court has imposed a limitation on KPMG’s operation, specifying that the firm is not permitted to provide legal services to clients for whom it or its member firms conduct financial statement audits or attestations.
KPMG, one of the Big Four accounting firms, expressed that it is “uniquely positioned to transform the delivery of legal services” in a statement released on Thursday, reflecting its ambitious vision for integrating legal offerings with its existing services. For more details on this development, visit the full report on Law.com.