Sept 22 (Reuters) – A national accounting firm that formed last year through the merger of 13 local firms said on Tuesday that it has expanded into legal services, marking the latest move in the accounting industry to create an affiliated law firm.
-
Private equity-backed Sorren said that lawyers at Sorren Law will handle transactional, succession planning, asset protection, estate planning and other legal work for businesses, investors and individuals. Sorren Law is a rebranded version of Mansfield & Mayo, a small law firm based in Nevada and Idaho.
-
Big Four accounting firm KPMG launched a subsidiary law firm, KPMG Law US, in February 2025 after gaining approval from the top court in Arizona, where a program allows people who aren’t lawyers to have an economic interest in law firms. Accounting and advisory firm Aprio also launched a subsidiary law firm last year, Aprio Legal, under the Arizona program.
-
The Sorren firm has a different setup. Sorren Law is owned by lawyers, not by Meridian, Idaho-based accounting and advisory firm Sorren. The accounting firm and the lawyers are co-invested in Sorren Legal Support, a management services organization that is a subsidiary of Sorren Inc, said Sorren Inc CEO Josh Tyree. The MSO provides administration and other back-end support services to the law firm, which will benefit from Sorren’s investments in technology and other areas, he said.
-
MSOs, used by the healthcare and accounting sectors for years, have generated interest in the legal industry as a way to split up the practice of law and the non-legal services and assets that support a law firm. An MSO can allow outside investment in a firm’s business without violating professional ethics rules.
-
Sorren Law has been hiring lawyers and plans to expand its services into new markets, Tyree said.
-
Thirteen accounting firms came together last year to form Sorren, which is backed by New York-based private equity firm DFW Capital Partners. DFW did not immediately respond to a request for comment.
Reporting by Sara Merken in New York
See additional coverage below:
- Accounting Today: Sorren Launches Law Firm
- Pulse 2.0: Sorren Expands Into Legal Services With Launch Of Sorren Law
- INSIDE Public Accounting: Sorren Launches Legal Services Practice With Mansfield & Mayo