Income at KPMG legal up 53 per cent

KPMG, one of the Big Four accountancy firms to offer legal services through an alternative business structure, has reported a huge rise in income from the division and pledged further investment.

Net sales in its fledgling legal services division climbed 53 per cent in the year to 30 September. The firm’s newly-published annual report comments: ‘Despite [this growth] being from a relatively low base, it’s clear that clients really like our idea of wrapping multi-disciplinary legal advice around our other propositions.'

Continue to invest

The report added that the firm would continue to invest heavily in new hires to grow the business in both existing and new areas, including corporate crime and regulation.

Triple lawyer numbers

Three of the Big Four - EY, PwC and KPMG - now offer legal services under an ABS licence. Upon being granted the licence in October last year, KPMG pledged to triple the number of lawyers in the division to 150 within three years. Source: The Law Society Gazette

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