New partnership info from Shieldpay;
Shieldpay, the payments partner for the legal sector, is working with KPMG Law UK (part of KPMG LLP) to provide payments services for its high value, complex client transactions.
Shieldpay has been supporting KPMG Law’s corporate clients as an escrow and paying agent provider for corporate and M&A deals since 2020. Following the success of this relationship, built through working on numerous deals with KPMG Law’s UK corporate teams, Shieldpay has been selected to support KPMG Law’s corporate and newly launched real estate team through Shieldpay’s third-party managed account (TPMA) platform.
KPMG Law is futureproofing its corporate and new real estate offerings by embedding new, more secure ways of working from the outset, that bring clear benefits to its lawyers and their clients. The adoption of Shieldpay’s TPMA is supporting the drive to standardise and centralise the firm’s approach to completing legal transactions across teams and offices in the UK.
Managing client money through a client account can be high risk, costly and labour intensive for law firms. Using a specialist payments provider overcomes these operational challenges and mitigates client money risks, enabling legal teams to focus on delivery of their legal services. With greater levels of efficiency and the capacity to deliver client service excellence, the law firm is setting itself up to meet ambitious growth targets.
As well as operating a TPMA for KPMG Law’s corporate and real estate teams, Shieldpay will continue to work closely with the firm to streamline transactional payments and deliver excellence for their clients.
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