KPMG’s Italian law firm Studio Associato is understood to have decided not to join KLegal’s new international network. Instead, it is believed the firm will retain ties to accounting parent KPMG Italy.
Studio Associato’s decision casts doubt on the group’s ability to tie down law firms to the proposed network.
Despite an announcement from KPMG some weeks ago that the accountancy firm would cease to provide legal services, the KLegal law firms have still not been able to reach an agreement over the shape of the new network.
The move also leaves KLegal’s putative international network without a member in a key European jurisdiction.
The Italian firm gives both tax and legal advice and has always been very closely aligned to KPMG.
KLegal UK declined to comment. Studio Associato could not be reached for comment.