KPMG’s Strategic Move
Stuart Fuller, who recently stepped down as the global head of legal services at KPMG, discussed the firm’s plans to expand its legal services into the United States.
This move hinges on a forthcoming court decision concerning alternative business structures in Arizona, which could pave the way for KPMG’s entry into this market.
Fuller emphasized how vital it is for KPMG International to develop a legal presence in the U.S. as part of its broader legal services strategy.
The U.S. Legal Market Opportunity
The U.S. legal market is colossal, contributing significantly to the global legal services industry, estimated at around a trillion dollars.
Notably, Fuller highlighted that approximately fifty percent of that market is situated in the United States, making it clear that KPMG’s entry into this sector is not just a desire but a strategic necessity.
Global Footprint and Future Prospects
With over five years at the helm of KPMG’s legal services, and prior experience managing KPMG Law across Australia and the Asia Pacific, Fuller sees this move as a pivotal enhancement of KPMG’s international legal offerings.
He expressed firm belief in the firm’s potential to thrive within the U.S. legal landscape, thanks to its established global footprint and the increasing need for a range of legal services in one of the largest legal markets worldwide.
Source: Law