KPMG has received approval to operate a law firm in Arizona, becoming the first of the Big Four accounting firms to do so in the US. The Arizona Supreme Court granted KPMG a license to run an alternative business structure, with KPMG Law US operating as an independent entity. The firm plans to offer legal services integrated with technology, particularly in corporate mergers. KPMG’s global head of legal services highlighted the company’s technological capabilities and competitive pricing as advantages over traditional law firms. The move follows similar expansions by Big Four firms in other countries. However, KPMG Law US must avoid providing legal services to KPMG’s audit clients due to regulatory restrictions. The initiative raises questions about the extent of its legal practice in other states, with legal experts monitoring its compliance with state laws. — news fromBloomberg Law
