- Boring Business Nerd
- Posts
- KPMG blurs the lines between accounting and law
KPMG blurs the lines between accounting and law
The accounting firm is trying to get a more significant piece of the law marketplace.
Kieran Ryan
January 24, 2025
TODAY’S STORY
KPMG wants to be the first Big Four accounting firm to practice law in the U.S., taking advantage of a novel program in Arizona that allows nonlawyers to own law firms.
The accounting firm passed a significant hurdle last week when the Arizona Supreme Court, which oversees the program, unanimously approved the request.
The accounting firm sees this as an opportunity to streamline and expand the work it does for clients. Legal expertise is often required alongside financial and accounting insights, particularly in matters of M&A, capital raises, and corporate compliance.
KPMG currently practices law in 80 countries, but expanding into the U.S.—the largest legal market—offers significant growth potential. This could further boost the firm’s tax and legal services division, which saw a 10% year-over-year increase in fiscal year 2024, reaching $8.7 billion globally.
If KPMG’s plan comes to fruition, the other Big Four accounting firms will likely follow suit.
Hire Ava, the AI SDR & Get Meetings on Autopilot
Ava automates your entire outbound demand generation process, including:
Intent-Driven Lead Discovery
High Quality Emails with Waterfall Personalization
Follow-Up Management
Free up your sales team to focus on high-value interactions and closing deals, while Ava handles the time-consuming tasks.
#SHORTS
Apple’s terrible start to 2025
@boringbusinesskieran Apple’s terrible start to 2025 🫠 #business #tech #ai #apple #iphone #stockmarket
PREVIOUS STORIES
Searching for a fix to retailer’s trillion-dollar problem — Retailers pay an average of $21 to $46 to process a single return, significantly eating into their margins.
How tariffs will impact grocery prices — Here’s where shoppers can expect price increases at the grocery store.
AI demand is starting to drive cloud spending — Growth indicators look strong, but questions remain about whether increasing capital expenditures for AI services will be recouped efficiently.
Prediction markets fuel American’s appetite for speculation — Supporters say the platforms are better at predicting the election than polls, but they also seem to have several potential flaws.
McKinsey is testing a “squad” of AI agents — McKinsey trained an agent squad to mimic the team members that typically staff a project.
To read the web version of previous stories, click here
If you have any comments or feedback, just respond to this email.
Thanks for reading,
Kieran & Justin Ryan
