Peter Workman joins KPMG legal wing as Partner
KPMG has recruited a new Partner for its Midlands legal hub from rival Big Four firm PwC. Peter Workman will now lead a team which will work to provide legal solutions to clients across the region.
The Big Four, the world’s largest consulting and accounting firms – consisting of Deloitte, PwC, KPMG and EY – could draw an annual revenue of $30 billion from legal services if they fully expanded into the market. This tantalising opportunity has steadily drawn the quartet into the sector in recent years. With examples of the disruption the gang of four have already wrought in the digital, design and consulting spaces, they have already shown they are capable of entering new industries and consolidating their market share, and by leveraging practice areas they already serve.
Amid booming demand from multinational organisations for legal services, the final Big Four member, KPMG, recently revealed that it too is set to launch a new legal consultancy arm in the UK. While the firm is yet to confirm a concrete date, the opening of KPMG UK’s legal wing is expected in the next few months of 2019, with the firm having reported strong growth in its global legal services business. KPMG already holds a legal services hub in the Midlands, however, and has announced a new appointment in order to meet changing client expectations in the area.
Peter Workman has joined KPMG as a Partner, moving from PwC. Workman will lead a team of nine business structuring and transaction lawyers in KPMG’s Midlands legal services hub. He and his team will work with KPMG’s legal practices across the UK in the North, London and Southern regions to provide whole business solutions to clients' most important and complex problems.
Workman brings a wealth of experience to the role, having spent 15 years in the corporate teams of law firms King & Wood Mallesons, Herbert Smith and Freshfields Bruckhaus Deringer. In his time with PwC, Workman focused on buyouts, buy-ins and general M&A, in sectors including retail and leisure, telecoms, technology and media, and energy and infrastructure. He advised upon a broad range of clients, including corporates, private equity sponsors, management teams and financial institutions.
Commenting on his new role at KPMG, Workman said via his LinkedIn account, “We understand the 'more for less' challenge facing in-house legal teams today and we are dedicated to employing innovative, tech-enabled and alternative ways of delivering legal services to ensure GCs and their legal teams are able to deliver value to their stakeholders. Myself and my team have particular expertise in domestic and cross border group re-organisations and M&A transactions. We act for private equity sponsors, management teams, financial institutions and private and public companies across a range of industry sectors.”
