{"id":54585,"date":"2025-01-29T03:01:56","date_gmt":"2025-01-29T03:01:56","guid":{"rendered":"https:\/\/peraltafinancing.com\/accounting\/kpmg-set-to-become-the-first-big-four-firm-to-practice-law-in-the-u-s\/"},"modified":"2025-01-29T03:01:56","modified_gmt":"2025-01-29T03:01:56","slug":"kpmg-set-to-become-the-first-big-four-firm-to-practice-law-in-the-u-s","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=54585","title":{"rendered":"KPMG set to become the first big four firm to practice law in the U.S."},"content":{"rendered":"


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KPMG is set to become the first Big Four accounting firm to practice law in the U.S.<\/a> They’re doing this in Arizona, which lifted restrictions on non-lawyers owning law firms back in 2021.<\/p>\n

KPMG already practices law in 80+ countries and pulled in $8.7 billion globally from tax and legal services last year (their fastest-growing division). Now they’re eyeing the world’s largest legal market – the U.S.<\/p>\n

They’re planning to focus on contract work and M&A deals, leveraging AI tools for tasks that would typically be outsourced to traditional law firms.<\/p>\n

Critics argue that nonlawyer ownership of law firms could lead to conflicts of interest and compromise ethical obligations to clients.<\/p>\n

Will other Big Four firms follow suit? It\u2019s not if, but when.<\/p>\n<\/div>\n