Accounting giant KPMG has launched KPMG Law US, becoming the first Big Four firm to establish a law firm in the US.
KPMG Law US will operate as an independently managed subsidiary of the firm, building on its existing base in Arizona, where it already caters to more than 100 clients.
The subsidiary will maintain a strategic alignment with the firm’s Tax practice.
KPMG Law US will merge KPMG’s technological prowess with legal services, addressing the evolving requirements of legal departments.
It will deliver technology-driven legal services, leveraging artificial intelligence and the KPMG Digital Gateway.
This initiative builds on the firm’s existing Legal Business Services practice.
The newly formed law firm will work in concert with KPMG’s global network of law firms, which operates in over 80 jurisdictions.
Together, they will offer legal managed services, legal operations consulting, and advanced legal technology innovation. The collaboration is designed to help clients streamline their operations and allow legal teams to focus on strategic initiatives.
The latest move comes at a time when the legal services sector is rapidly growing and transforming, with businesses seeking to revamp their legal operations for competitive advantage, highlighted the firm.
KPMG Tax vice-chair Rema Serafi said: “KPMG is uniquely positioned to transform the delivery of legal services.
“By combining cutting-edge artificial intelligence and advanced technology solutions with legal services, we are proud to be a first mover with this capability and to offer the most holistic range of tech-enabled services in the marketplace for our clients’ evolving needs.”
