KPMG has launched its US law practice. Why hasn’t this happened sooner and across more firms? I’m not aware of the regulatory restrictions. This seems like a lucrative opportunity for accounting firms.

likefunny
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“I’m not aware of the regulatory restrictions”.

Yep, we already figured that out.

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Pwn3d

Law firms can’t have non lawyer partners unless they are in AZ with the ABS crap. I think other states are looking into it too.

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There actually are restrictions with law firms as far as who can own them, like a lot of professional entities. Law also have a lot of restrictions on fee sharing and other arrangements, as well as basic things like how client funds are handled, so it isn’t as easy as just deciding to start a law firm.

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cause the law was recently passed in Arizona to make this legal

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CPA firms always partner with law firms. I guess they can merge to merge to form a closer relationship.

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Didn’t they just exit this business?

Limited to non-audit clients

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