March of the accountants – now KPMG gains ABS licence
KPMG has become the second member of the ‘Big Four’ accountants to be awarded an alternative business structure licence.
However, unlike PwC, KPMG said it has no intention of developing a standalone legal practice.
Its UK chairman, Simon Collins, said: “The multi-disciplinary ABS licence enables us to enhance and increase the legal services we offer our clients. We are taking a focused approach: our key market differentiator is that we will only offer legal services which are fully integrated with other areas where we already provide advice.