**Arizona Urged to Approve Alternative Business License for KPMG Subsidiary Law Firm**
A subsidiary of the renowned accounting company KPMG US is seeking approval to operate as an alternative business structure in Arizona, a move that could potentially revolutionize the legal landscape in the state. Under Arizona’s state ethics rules, which allow nonlawyers to own or invest in law firms, KPMG Law US is looking to expand its services beyond traditional boundaries.
**KPMG Seeks to Break New Ground in Legal Services**
KPMG Law US, a subsidiary of KPMG US, is pushing the boundaries of conventional legal services by applying for an alternative business license in Arizona. This groundbreaking move comes as a response to state ethics rules that permit nonlawyers to have ownership stakes in law firms, setting the stage for a potential shift in the legal industry.
**Innovative Solutions for Legal Challenges**
According to a spokesperson from KPMG, the integration of legal expertise and technology at scale can address the significant process challenges faced by legal teams. By combining legal capabilities with managed services, such as contract lifecycle management, KPMG Law US aims to streamline operations and enhance efficiency in the legal sector.
**Game-Changing Potential for Legal Industry**
If approved by the Arizona Supreme Court, KPMG Law US could pave the way for a new era of legal services in the state. With a global presence in over 80 jurisdictions and a workforce of more than 3,750 employees, KPMG Law US is poised to bring a fresh perspective to the legal landscape in Arizona.
**Looking Towards the Future**
As the Arizona Supreme Court’s Committee on Alternative Business Structures prepares to review the proposal on January 14, the legal community is closely watching the potential impact of this decision. With Arizona already approving over 100 alternative business structures, KPMG’s innovative approach could mark a significant turning point in the state’s legal industry.
In conclusion, KPMG’s initiative to secure an alternative business license in Arizona has the potential to reshape the legal services landscape and provide new opportunities for innovation and growth in the industry. Stay tuned for updates as the Arizona Supreme Court considers this groundbreaking proposal.
