Shieldpay, a leading provider of payment solutions for the legal sector, has entered into a strategic partnership with KPMG Law UK to enhance its client transaction services. Since 2020, Shieldpay has supported KPMG Law's corporate clients by serving as an escrow and paying agent provider for high-value M&A transactions. Building on this success, Shieldpay has been selected to extend its services to KPMG Law's newly launched real estate team through its third-party managed account (TPMA) platform. This move aims to standardize and centralize transactional processes across KPMG Law's UK offices, promoting efficiency and risk mitigation in handling client funds.
KPMG Law UK's adoption of Shieldpay's TPMA reflects a strategic initiative to embed secure and streamlined payment practices into its legal services. By leveraging Shieldpay's technology, KPMG Law seeks to mitigate operational risks associated with managing client money, allowing its legal teams to focus more on delivering exceptional client service and achieving growth objectives. The partnership underscores Shieldpay's commitment to enhancing transactional efficiency and security within the legal sector, supporting KPMG Law as it navigates the complexities of global business environments with innovative payment solutions.
