KPMG Makes Advances in U.S. Legal Arena
The American Bar Association is considering softening restrictions for co-mingling of legal and accounting services, and an early sign of such acceptance was reported earlier this week with the opening of Ernst & Young's affiliated legal practice  in New York City. The New York State Bar recently ruled that American law firms and accountants are allowed to have a "side-by-side" alliance.
KPMG is positioning itself to make a similar move, with plans to expand  its KLegal practice into New York City. KLegal hopes to open an office in New York City that will provide a liaison between the firm's European lawyers and its U.S. referral firms.
KLegal has referral links for tax services with California law firm Morrison & Foerster as well as Chicago firm Horwood Marcus & Berk.