KPMG Arizona Legal Practice on Hold as Court Seeks Answers - Articles

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Posted by: Azya Thornton on Jan 29, 2025

KPMG’s bid to become the first Big Four accounting firm to launch a law firm in the U.S. is on hold after the Arizona Supreme Court requested more information on its application to practice law in the state, Bloomberg Law reports. Earlier this month, KPMG Law U.S persuaded a court committee to recommend approval for the firm to practice law in Arizona. "The KPMG application remains under review," the court's communications director said in an email after the court met Tuesday to review the application. KPMG is seeking to launch a U.S. legal venture through Arizona’s alternative business structure program, which was created in 2021. The court did not provide specifics or a timeframe for a final decision. In related news, Reuters reports that the market for legal services outside traditional law firms has hit a record $28.5 billion, with law firm subsidiaries or affiliates claiming a growing share.