KPMG and Shieldpay agree payments partnership

Payments specialist, Shieldpay has announced that it has agreed a partnership with KPMG Law.

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.

Andrew Hawkins, Shieldpay’s CEO of UK and Europe, said “We are delighted to be working with KPMG Law. They have an innovative and ambitious approach to legal services, reflecting the changing needs of businesses and the evolution of the sector. We look forward to further supporting KPMG Law as they continue to grow, providing payment services to effectively mitigate the inherent risks of client money and unlock efficiencies.”

“The legal sector is increasingly recognising the benefits of using third-party managed accounts to increase client satisfaction and improve business operations. Innovative digital solutions dedicated to supporting complex payments, such as corporate, real estate, litigation and M&A transactions, means client money management no longer needs to come at such a heavy cost to law firms.”

Stuart Bedford, Head of KPMG Law said  “Our clients are operating in an increasingly complex, global and fast-moving legal environment. We meet their needs by combining expertise in law with business insight and technological solutions. We believe Shieldpay provides fast, secure and seamless payment solutions that enhance our ways of working and our clients’ experience and give KPMG Law a competitive advantage in the market.”

“At KPMG Law, we choose technology suppliers that create efficiency, mitigate risk and uphold rigorous standards for regulation and security. Shieldpay delivers on all of these criteria for us and their TPMA solution simplifies high-value, complex transactions for our clients.”