KPMG has opened an associate law firm in Hong Kong

KPMG has announced their latest expansion. The professional services firm has opened an associate law firm in Hong Kong, with future plans to open a further firm in Shanghai later this year.

The Hong Kong firm will be known as SF Lawyers. It plans to hire 4 senior lawyers and 2 senior associates over the upcoming months. Within a year however it plans on expanding to approximately 20 lawyers. The firm’s practice areas will centre around Corporate, M&A and infrastructure and projects.

The chair of KPMG Asia Pacific and China, Honson To, has said that KPMG’s global legal services network had grown by 30% in 2018 alone and has ’significant ambitions’ for further growth.

KPMG has about 1,800 lawyers in 75 jurisdictions. The company has set a target of nearly doubling the size of their legal services arm to around 3,000 lawyers over the next 3 years.

What about the others? 

PwC: 3,600 lawyers in 98 countries. PwC has the largest legal arm of all of the big 4. It has made a strategic alliance with Fragomen, (immigration law firm) with offices in 25 countries, to cater to their growing demand for tax and immigration advice to their business traveller clients.

Deloitte: more than 2,400 lawyers. The firm recently launched its Legal Management Consulting services line, which combines consultancy advice, with risk advisory and legal expertise.

EY: 2,200 lawyers in 81 countries. They have recently purchased Riverview Law with a view to integrate their legal services with their digitised professional services.

Richard Susskind, author of Tomorrow’s Lawyers:

 “What’s interesting about the Big Four is their commitment to new technology. They come to a market where they have no legacy to protect, so they are able to start with a blank sheet of paper. It seems to me self-evident that the Big Four will be hoping to emerge as market leaders in legal technology.”

Leave a Reply