KPMG Law: 2014 and 2024.
Accountancy firm KPMG is planning to double the size of its legal practice over the next three years.
The Big Four firm is looking to expand its legal arm by employing another 220 lawyers by the end of 2024. The prospective new hires include 45 partners and directors, which would result in a bulky offering of over 400 lawyers.
“The UK legal services market is growing and evolving rapidly. Technology is disrupting the market and clients are changing the way they buy legal services," said Nick Roome, head of KPMG Law in the UK. He added that the firm's "connected approach is a key principle that has shaped our vision for KPMG Law and has made our practice a critical element of KPMG’s future growth strategy."
Stuart Fuller, head of global legal services, said KPMG had created "a different type of law offering. We’re delivering integrated legal services with high performing lawyers supporting businesses across their geographic footprint. Few can match such reach."
KPMG Law was set up in 2014, alongside the firm's tax, consultancy and deal advisory teams. In RollOnFriday's In-House survey last year, KPMG's legal team was preferred by some clients over traditional law firms. A GC in the retail sector said it was the best firm they had used as KPMG offered "good quality tax law advice at accountant's prices".
The head of legal in a healthcare business said that KPMG Law was also their "standout" firm, as "the multi-disciplinary team (i.e. not all lawyers) worked really well and we got excellent legal and technical advice delivered in a joined up way. That made my job of sifting the important from the detail much easier."
The in-house chief added that there was "less joined-up thinking in traditional partnerships" and "the positive experience with the Big 4 showed the weaknesses in traditional law firms where, for example, a strong corporate partner can be let down by a weak real estate lawyer."
If you work in-house, have your say about law firms in this year's survey: