KPMG has been awarded an alternative business structure (ABS) licence by the Solicitors’ Regulation Authority (SRA) in a major landmark for the accounting firms as it continues its push into the legal market.

The move follows in the footsteps of fellow ‘big four’ firm PricewaterhouseCoopers (PwC), which secured ABS licences for both its legal arm, PwC Legal, and its Middle East operations.