KPMG Law UK is establishing a distinctive position in the UK legal market by integrating a unique approach to client service delivery. Stuart Bedford, the head of KPMG Law UK, leads a team of around 300 people across a diverse range of services. While the firm may appear similar to others of its size in terms of coverage, Bedford emphasizes that KPMG Law differs significantly from traditional law firms by leveraging different skill sets, a global footprint, and technology to deliver cost-efficient solutions for its clients.
Most of the legal arm’s work comes from other KPMG departments, aiming to provide comprehensive support to its clients. Bedford, a former long-serving partner at Linklaters, believes that KPMG Law’s structure offers its lawyers a unique skill set compared to other firms in the City. He explains that lawyers at KPMG Law spend substantial time collaborating with risk consultants, management consultants, strategy teams, corporate finance experts, and tax professionals, which enriches their advisory capabilities on big projects.
KPMG Law is not trying to compete directly with traditional Big Law firms on large corporate M&A deals. Instead, it focuses on projects that those firms typically overlook.
Bedford points out that while large City firms concentrate on significant deals, there is a considerable amount of legal work within these projects that fits KPMG Law’s expertise. This approach allows KPMG Law to bring significant value to projects by offering a blend of different skills and cutting costs.
One of KPMG Law’s key advantages is its cost-effective service delivery, supported by a “very low-cost team in India.” This setup enables the firm to provide value for money that traditional law firms struggle to match. Clients recognize the value of this approach, knowing that while Magic Circle and big US firms have their strengths, KPMG Law offers a perspective that delivers the best value for certain projects.
Bedford acknowledges that KPMG Law may not be able to provide everything for everyone, and peers might offer better services in some areas. However, KPMG Law’s strength lies in its ability to combine various skills and present them as a cohesive package to companies. This unique blend makes KPMG Law a logical choice for specific projects and transactions.
In conclusion, KPMG Law’s innovative approach to legal services, integration with other KPMG departments, and focus on cost-efficiency position it as a distinctive player in the UK legal market.
By bringing together diverse skills and maintaining a global perspective, KPMG Law continues to carve out its niche, offering clients a valuable alternative to traditional law firms.