KPMG Law says it will double its UK legal practice in a bid to transform its wider business.
It aims to take on 200 lawyers – including 45 partners and directors – by the end of 2024, bringing its total practising solicitors to 400.
The hiring spree comes after KPMG UK partners backed CEO Jon Holt’s plans for a £300m “once-in-a-generation” growth strategy, through which the firm aims to bolster its offerings in high-growth areas.
Holt previously said the firm would be investing in multi-disciplinary services to help clients adapt their businesses to the effects of Brexit, climate change, and Covid-19.
The plan also comes as KPMG seeks to capitalise on the UK’s lucrative legal sector, which is currently the second biggest legal services market in the world.
Stuart Fuller, KPMG’s head of global legal services, said: “We’re delivering integrated legal services with high-performing lawyers supporting businesses across their geographic footprint.”
Nick Roome, head of KPMG Law in the UK, said: ‘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. As business leaders, in-house counsel and high net worth individuals face a myriad of complex issues, there is a real drive towards quality counsel that’s empowered by cutting-edge technology and is thoroughly integrated with other advisory services.
‘This 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.’
KPMG Law has five UK hubs including London, Leeds, Manchester, Reading and Birmingham.