KPMG wins the approval to launch the first US law firm for Big Four (1)

KPMG has obtained the approval to practice the right in Arizona, which did a Big Four, accounting, tax and consulting company, which will operate a law firm in the US.

The Supreme Court of Arizona today granted KPMG today to operate a so-called alternative business structure. The KPMG Law US will be an independent law firm operated as a branch owned by the company.

The law firm will provide legal services that include the integration of legal contracts and technological systems according to corporate merger, said KPMG. The KPMG technological capabilities, the scale and the price structure give it an advantage over the traditional law firms, Stuart Bedford, the global head of the company’s legal services said In an interview earlier this month.

“The KPMG Law USA is uniquely positioned to transform the provision of legal services,” said Rezrafi, KPMG vice president, in a statement. “By combining the latest artificial information and the advanced technological solutions with the legal services, we are proud that we are a first thing with this capacity and to offer the most holistic range of services activated by the market technology for the evolving needs of our clients.”

This movement follows years to expand the Big Four in legal services on other markets, such as the UK and Australia. Professional regulations for American lawyers have largely banned non-employment since the holding of law companies. The Arizona ABS program created an exception in 2021, hoping that the new models of law firms would stimulate better access to expensive tips for the lawyer. Mass torture companies have led to alternative business structures in Arizona and use them for lead and advertising at national level.

KPMG Law US can practice the law in the state, provided it refrains from performing legal services for any of the KPMG audit customers, the court said on Thursday. Restrictions have a wider application beyond the law of securities in the US, which prohibit accounting companies to perform legal services for its US customers.

The initiative is experiencing several questions, including to what extent, the KPMG law will provide services in other states. The law firms that follow the new competition will follow to see what types of legal customers are committing KPMG to do.

“One question is that they are engaged in the unauthorized practice of law in other states in which they give advice, because there are customers,” said legal ethics Bruce Green, who teaches at Fordham Law School.

David Rizzo, the compliance lawyer appointed to KPMG Law US, told an Arizona committee who examines his request that he will use personnel agencies and co-consiliation relations with other law firms to serve customers from other jurisdictions.

_{Podcast: Moving KPMG to law practice in Arizona may signal the paradigm change}

“It will be my task to make sure that lawyers in Arizona will not be held as lawyers in other jurisdictions,” Rizzo told the Committee. “We are aware of the kind of problems that Sloppy operations can receive.”

Most of the legal offers expected by KPMG are intended to complete the external and interior legal teams in daily corporate management, Christian Athanasoulas, the global head of the International and the M&A tax at KPMG, who supervised the company’s license request, SAPS Bloomberg law in January.

Approval follows a January recommendation by the Arizona committee for alternative business structures. The highest court of the state requested additional information about KPMG plans later that month.