KPMG Opposes Proposed Limits on Its Legal Work Outside Arizona

KPMG is clashing with the Arizona bar over efforts to limit the accounting giant’s US law firm and other “alternative business structures” from operating outside of the state.

“A narrower scope for ABS firms risks undermining the ABS program’s objective of promoting innovation,” KPMG Law leaders Thomas Greenaway and David Rizzo, wrote in a March 2 letter to Arizona court officials obtained by Bloomberg Law.

KPMG weighed in as the Arizona Judicial Council is set to consider on Thursday whether to update rules for ABS firms, which are permitted to take outside investment from private equity, litigation funders, and others ...