KPMG is poised to become the first of the Big Four accounting firms to open a law firm in the United States, taking advantage of loosened law firm ownership rules in Arizona and accelerating the accounting industry's push into U.S. legal services, Sara Merken reports.
A new subsidiary, KPMG Law US, persuaded a court committee to recommend approval by the Arizona Supreme Court to practice law in the state. The court will weigh KPMG's bid on Jan. 28.
The new unit could shake up competition among the Big Four and traditional law firms, legal industry experts said, giving corporate legal departments more options to outsource work.
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