Khiara Law was the sole advisor to KPMG LLP on the ground-breaking transaction to become the first MDP.

In three years since the introduction of ABSs, the SRA had failed to resolve difficult issues around its regulatory reach in a multi-disciplinary practice, particularly in the context of dual-regulation, legal privilege, and in the case of mixed teams of lawyer and non-lawyer service delivery. We worked closely with the SRA’s Policy Team to overcome these issues and develop the SRA MDP Policy, which enabled KPMG to become the first multi-disciplinary practice regulated by the SRA and allowing them to provide a holistic legal, accounting and consultancy service to their clients and obtain the benefit of legal advisory privilege.