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notes and methodology
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Tiring, not tiresome
W
hile we may some- think it should be, e-mail us at AcTo-
times find putting to- day@SourceMedia.com, and well put
gether our annual Top you on our contact list.
100 Firms and Region- For now, though, lets focus on the
al Leaders lists tiring, we never get tired 2014 Top 100 Firms/Regional Leaders,
of the report itself. for which we received responses from
For one thing, its constantly new. over 200 of the biggest and best firms
The last decade has seen tremendous in the nation.
changes in the accounting landscape, As a reminder, heres a quick tuto-
with everything from major economic rial on our T100 guidelines:
trends to regulation to waves of M&A XUnless otherwise noted, revenue
re-arranging the profes- is net revenue.
sion. These changes are CONTENTS XAlso, unless noted,
reflected in the report firm revenues and offices
Top 100 Overview 4
in the new firms charg- are for the U.S. only.
ing up the ranks and the Top 100 Databank 5 XThe Total Employ-
old firms disappearing Firms to Watch 6
ees category is comprised
through acquisition, in of partners, professionals
the hiring and promo- Firm Strategies 8 and other personnel.
tion patterns, in the Top Tax Firms 10 XWhere two firms
movement toward and reported equal revenue,
Niche Services 12
away from certain niches the firm with the high-
and client segments, in Client Categories 13 er percentage of revenue
the growth and decline Top 100 Rankings 15
increase will receive the
One State St. Plaza, 27th Fl., New York, NY 10004 of parts of the country, higher ranking.
Phone: (212) 803-8200/Fax: (212) 843-9614
and so on and on. Regional Leaders 20 XMAS stands for
http://www.accountingtoday.com
Editor-in-Chief Daniel Hood While the changes Firm Highlights 28 management advisory
Managing Editor Tamika Cody
in rankings and the new services, or consulting.
Senior Editors Roger Russell, Danielle Lee
Art Director Javier Samaniego names on the lists are often the ones Of course, a report this mammoth
ADVERTISING AND BUSINESS SERVICES that get the most attention, the myriad is a team effort, and wouldnt be possi-
Senior Vice President
and Group Publisher Rob Whitaker
other details may, in the end, give more ble without the hard work of our man-
Publisher Jack Lynch (212) 803-8803 valuable insight into the profession. aging editor Tamika Cody, our senior
Advertising Director Matthew Moore
Ad Sales Coordinator Susan Korcynski That said, were always excited to editors Danielle Lee and Roger Russell,
Material in Accounting Today may not be repro- add new T100 Firms, like Ohios Sko- and Mike Cohn, editor of our Web portal
duced without express written permission.
For article reprints: Godfrey R. Livermore,
da Minotti, New Yorks Prager Metis AccountingToday.com.
Tel: (888) 909-6366 Fax: (212) 843-9624 International and Texas Montgomery With that, its our pleasure to pres-
Publishers Copy Protection Clause: Advertisers and Coscia Greilich, and the many new ent the 2014 class of the Top 100 Tax and
agencies assume liability for all content (including
text, representation and illustrations) of advertis- Regional Leaders youll find starting on Accounting Firms and Regional Lead-
ments and responsibility for claims arising there page 20. And were always anxious to ers. As always enjoy!
from made against the publisher.
Copyright 2014 Accounting Today and Source- consider new firms for both lists, so if Dan Hood
Media, Inc. All rights reserved.
your firm wasnt represented and you Editor-in-chief
SOURCEMEDIA INC.
3
overview
T
hings are looking pretty good for 2012), the number that grew by more than growth in all sorts of niches and with all
this years Top 100 Firms and Re- 20 percent jumped to 10, from six the year sorts of clients (see Niches and Clients, page
gional Leaders. before, and the number that grew by more 10), the main trend thats keeping T100
There we said it. Things are than 10 percent was a whopping 37, versus Firm leaders up at night this year is the
looking pretty good. Not perfect, but pretty 27 in the prior year. War for Talent the intense difficulty
good. They face some issues, sure (well get Among our Regional Leaders, too, many are experiencing in finding and re-
into those later), but for the most part, and there were higher rates of growth, with taining qualified staff.
by most of the measures we include in this three regions posting double-digit per- While its true that the number of
report, things are looking up, and moving centage gains, against none in our report T100 Firms reporting flat or declining staff
in the right direction. numbers was down to 14, from 19 last
First off, this year marks the third year, thats likely only because firms
year of positive overall growth for the
Cautiously optimistic have been stepping up their efforts
Revenue growth of the Top 100 Firms, in percent*
T100 since the miserable low points hiring recruiting directors, offering
30
of 2009 and 2010, when their revenues hiring incentives, developing learn-
actually shrank. That growth has been ing and training offerings, and gen-
25
relatively consistent around the 8 per- erally going way out of their way to
cent mark (this years is 7.81 percent), get and keep the staff theyll need
20
and has also been relatively evenly to succeed going forward. (See Firm
distributed among the three tiers into Strategies,page 8.)
15
which we divide the Top 100.
And thats where we find the first 10
MOVERS AND SHAKERS
of the statistics that make us think that While there were no major shake-ups
maybe things are just a little bit better 5
on the lines of the CohnReznick merger
than OK. In the top tier of the Top 100, in the T100 list this year, there were lots
we still have the six firms with revenues 0
94 96 98 2000 02 04 06 08 12
of small moves, and M&A definitely
of over $1 billion. But in the second tier, 10 played its role.
of firms with between $100 million and -5 Long-time Top 100 fixtures Al-
$1 billion, we have 25 firms three * Compiled from individual firm results pern Rosenthal and Holtz Rubenstein
as reported at years end; includes some estimates
more than last year. (See Databank, Reminick both left the list, merging
page 5.) Yes, mergers and acquisitions into BDO USA and Baker Tilly Virchow
and inflation played a role in growing that last year. At the same time, though, we Krause, respectively. Many other firms got
number, but so did the natural expansion should note that there was at least one a boost from M&A this year, including Con-
of strong firms. And while that only left outlier on the other side, with growth that necticuts BlumShapiro, which jumped 11
69 firms for the third tier with less than slowed in 2013 though it didnt decline. spots on the list, and Ohios Hill, Barth &
$100 million, our Firms to Watch list of up- (See Regional Leaders, page 20.) King, which jumped a whopping 22 spots.
and-comers who are hovering just below Thats the kind of thing we mean when Only Pennsylvanias Reinsel Kuntz Lesher
the Top 100 matched last years record 35 we say pretty good a fair number of managed a double-digit move, up 11 posi-
members, even as we continued to leave trends look positive, and then, just when tions from last year.
out those that were eligible by revenue, but youre starting to feel a little too positive, Thats not counting the spectacular
didnt show growth in 2013. (See Firms to another, less happy trend will come along entrance of Ohio-based Skoda Minotti to
Watch, page 6.) and bring you back to earth. the Top 100 at No. 80, with the highest
Theres more: While roughly the same Last year, it was the difficulty of scrap- growth rate of any firm on the list (and,
number of T100 Firms reported flat or ing out growth in a highly competitive its worth noting, a much higher growth
declining revenues for this years report environment. And while our T100 and rate than any firm on last years list). Also
as for last years (10 in 2013, versus 11 in Regional Leader firms are still pursuing See OVERVIEW on 6
4
databank
5
overview
A number of firms joined our Re- our Top 100 Firms or our Regional Leaders,
OVERVIEW gional Leaders list in the same way this drop us an e-mail at AcToday@SourceMe-
from page 4 year, from Virginias PBMares and Wash- dia.com, and well add you to our contact
ington, D.C.s Tate & Tryon, to Atlanta- database.
graduating from last years Firms to Watch based Windham Brannon, the Mid-Atlan- After all, things are starting to look
list to join the T100 this year was New York- tics Perelson Weiner and Untracht & Early, pretty good out there for accounting firms.
based Prager Metis International, while St. Louis Mueller Prost, Houstons Melton If you can keep finding ways to grow and
the third new T100 Firm this year, Texas & Melton, Oregons Perkins & Co., and the staff to support that growth next year
Montgomery Coscia Greilich, was one that Californias NSBN. should be even better.
hadnt previously been part of our survey. If you think your firm should be one of There, we said it. AT
* Firm estimate NC No change NA Not available or not applicable Accounting Today estimate
6
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he Top 100 Firms are all over the recruitment and development last year, engagement and satisfaction measures.
map, in many ways. Literally, to with responsibility for multiple new initia- Several firms highlighted efforts at
start, they span the country, to tives, according to MP Larry Taylor. building up their staff with educational and
say nothing of a wide range of At Kentuckys Mountjoy Chilton Med- career development offerings, with some
industry niches, management models, ley, MP Diane Medley said, We are very developing their own internal institutions
growth strategies, and cultures. But no focused on our talent. We are starting a of higher learning: BKD CEO Ted Dickman
matter their size, whether they offer exotic formal leadership development program pointed to his firms BKD University, a vir-
advisory services or the plainest of vanilla this year, selecting our rising stars with tual on-demand learning and leadership
audits and tax work, and regardless of their the most potential for equity partnership development platform that landed the firm
stance on value pricing, they do all share to participate. We also actively engage our on Training magazines Training Top 125
one common binding thread: Theyre Next Generation Committee in critical is- list, while Sikich LLP CEO and MP James
freaking out about finding qualified staff. sues to help us consider growth, attraction Sikich touted the investment made in his
The war for talent is back on, warned and retention for the future. firms Sikich University, an internal learn-
Armanino LLP managing partner Andy Ar- Recruitment and retention can bene- ing and development program that trains
manino. We are seeing more and more staff in technical and soft skills.
competition from outside our profession
and we need to plan accordingly. We also
Our people For its part, Big Four firm KPMG went
to the source. The need for highly skilled
know that change is a constant in todays
world. Merger mania is real. New compa-
tell us were talent is a top priority, said chair and CEO
John Veihmeyer. In addition making a stra-
nies are being launched. New information
is coming at us faster than we can compre-
focused on the tegic priority of diversity, We work close-
ly with universities, our main workforce
hend. We need, more than ever before, a
workforce that can engage with and adapt
right things. pipeline, to promote learning and skillsets
our professionals need, and emphasize the
to this new reality. Hiring and retaining the importance of global and diverse perspec-
best and brightest talent is the new com- fit enormously from a less-frequently cited tives and technological savvy.
petitive advantage. R recognition. National firm McGladrey At Louisianas Postlethwaite & Netter-
Qualified professionals are being made a point of highlighting its top tal- ville, meanwhile, CEO (and current Ameri-
sought after by a number of good firms, ent in a series of videos on its Web site as can Institute of CPAs chair) William Balhoff
said Louis Grassi, managing partner and part of its Personalities Wanted recruit- noted the firms increased focus on leader-
chief executive officer of New York-based ing campaign (the messaging for which ship development and soft skills training
Grassi & Co. As such, typical efforts of was embedded in all of its social media), at all levels but also highlighted its busi-
recruiting, including the utilization of re- and has seen the results. Thats not its only ness development training curriculum.
cruiters, have become less effective in find- personnel-related investment, of course, After all, hiring and keeping a great
ing experienced, quality professionals. Be- and merely making the investments is staff only makes sense if you can bring in
sides establishing a supportive culture and not enough. Investing in recruitment, work for them do.
a healthy work-life balance, Grassis firm professional development and work-life
has put in palce a very robust employee programs is essential, said national pub- GETTING COMPETITIVE
referral program that accounted for more lic relations director Terri Andrews. We Accounting firms are operating in a highly
than 50 percent of new hires in 2013. are continuously re-assessing practice competitive environment, noted Weiser-
Firms across the country are employ- and processes to create the best possible Mazars chair and managing partner Doug-
ing a wide range of strategies to attract and experience for our current and potential las Phillips. Besides the pressures around
retain qualified staff and some firms employees. And our people tell us were staffing, Firms are under continuing fee
are going so far as to hire people solely to focused on the right things. They did that pressure from clients, which intensifies
manage them. California-based Gallina, through the McGladrey People Survey, market competition.
for instance, hired its first-ever director of which assesses a broad range of employee See STRATEGIES on 10
8
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Notes: P Figures compiled from public company reports. * Firm estimate or projection NA Not available/applicable
Gross revenue 1 Staff figures include seasonal workers 2 Reported fee split as both dollar amount (given here) and percentage
10
niches and clients
I
nternational tax remained the highest adopted increasingly by countries outside companies that have done it. Not to get a
growing niche service this year for the the U.S. referral on us, but to talk to other compa-
2014 Top 100 Firms, increasing 6 per- Along with the tightening accounting nies. They didnt do similar planning in
centage points over 2013 reports, ac- standards that followed corporate scandals the past, so [they want] to understand how
cording to this years 77 responding firms. like Enron, these regulatory concerns have that planning was ultimately viewed by the
State and local taxes grew 7 percent- led companies to take more initiative in IRS and foreign tax authorities.
age points to be the second-most common their overseas business, Wright explained. This kind of due diligence tends to
area of growth and bringing it even, at 82 Theres a kind of heightened sense of cor- be pre-emptive, Wright continued. They
percent, with business valuations, which porate responsibility were seeing, where dont want to see their names in the news-
similarly expanded 8 percentage points in companies want to make sure theyre do- paper as caught up in substantial litigation
2014. Rounding out the top four again this ing things in the appropriate way and are in the U.S. and outside the U.S. Corporate
year was attest services, growing 2 percent- not going to be attacked by the IRS or executives have a heightened awareness
age points to 75 percent. foreign taxing authorities or are not viewed that they need to do things properly, and
Leading the pack in year-over-year as unethical. We frequently see situations do them upfront. ... Companies [used to]
growth, unsurprisingly, was mergers and where, before companies engage us to do just expand internationally and deal with
acquisition, which saw an 11-point uptick a major global project, they talk to other some of these issues after the fact the
in 2014, with 70 percent of firms reporting
increased business.
Below that, many services saw double-
digit increases in firms reporting growth;
Top niche services
Percentage of firms increasing their business in these areas
most notably, SOX compliance/risk man-
(of 77 firms responding)
agement saw a list-high rise of 16 percent-
age points to bring it to 53 percent. Tech- International Tax
nology consulting and personal financial Business Valuations
State and Local Taxes
planning also had strong 2014 gains of 12 Attest Services
Litigation Support
and 11 percentage points, respectively.
Estate/Trust/Gift Tax Planning
Industry Specializations
Mergers and Acquisitions
ON THE GROUND Forensics/Fraud
Doug Wright, partner-in-charge of inter- Nonprofit Organizations
Employee Benefits
national tax and transfer pricing services Biz Mgmt. for Wealthy Individuals
at California-based firm Burr Pilger Mayer, Succession Planning/Family office
Retirement Plans
attributes the continued growth in inter- SOX Compliance/Risk Mgmt.
national tax services to an unusual conflu- Strategic Planning/Business Plans
Technology Consulting
ence of economic recovery, globalization, Cost Segregation
and the tax and regulatory issues of about Personal Financial Planning
Biz Mgmt. for Small Businesses
a dozen years ago that brought the niche Investment Advice/Services
to prominence. CFO/Project Staffing Services
Cash Flow Forecasting/Management
Basically, its navigating the perfect Financing Arrangements
Bankruptcy/Insolvency
storm, he said. Weve had a lot of changes Employment Search
in the way in which not just the U.S. but Export/Import
1031 Like-Kind
foreign countries monitor and scrutinize IFRS consulting
international business transactions from a Business Recovery/Recession Advice
Payroll Services/Consulting
tax perspective. The kind of international Lease vs. Buy Analysis
tax and accounting standards that the U.S. 0 20 40 60 80 100
has applied for some time now have been
12
niches and clients
cart leading the horse. Now theres much has been doing international work of all growth this year, with manufacturing lead-
more awareness and sensitivity, tax and sorts, particularly with their manufactur- ing the list at 82 percent, a 9 percentage
otherwise. At our firm, we have a phe- ing and technology clients, since the early point gain over last year.
nomenal amount of new international tax 1990s, and now has roughly 70 people in Manufacturing overtook 2013s lead-
planning and consulting work and new that service line who speak 26 different er, midsized businesses in general, by only
clients coming our way, including very languages among them. one percentage point. Midsized businesses
early-stage companies as they expand. Though HA&W is also a member firm saw a modest 4 percentage point increase
When Wright joined BPM more than of global accountancy and business ad- this year though real estate, ranked behind
five years ago, he was the firms first and visory network Baker Tilly International, it, recorded a big 12 percentage point rise
only full-time international tax special- chief executive officer Richard Kopelman to bring it to 77 percent.
ist, and while he has grown that practice credits most of the firms growth in this Only two other categories on the list
to the largest in the firm for the last three niche to the inbound, grass-roots effort surpassed that gain this year: construction,
years, the now roughly 12 full-time tax with the people from those countries. which increased 14 percentage points to
professionals in the practice cant keep up International tax aligns with our 66 percent of responding firms, and, much
with all the new work. He estimates that manufacturing and technology niche and farther down the list, small businesses,
his group can only serve half of the op- dovetails really well, he explained. We do which at 44 percent also recorded a 14
portunities that come their way, but shares as much business inbound as outbound. percent increase over last year.
that finding experienced specialists in the Central Pennsylvania-based Rein-
extremely complex area of international ADDING VALUE sel Kuntz Leshers location gives it an
tax is exceedingly difficult. Nearly all of the client categories for this advantage in this market, according to
Atlanta firm Habif, Arogeti & Wynne years Top 100 Firms displayed strong Steve Fisher, a partner in the firms audit
services group and leader of the manu-
facturing and distribution services group.
Top client categories In the past ten to 20 years, companies
were leaving that were not as involved in
Percentage of firms increasing their business with these types of clients
(of 77 firms responding) manufacturing, but some of that is com-
ing back now with longstanding compa-
Manufacturing nies in manufacturing in that region, he
Midsized Businesses
explained. And a lot of them arent in
Real Estate
Technology manufacturing, but in bringing good over-
Individuals
Construction
seas and distribution channels. There are
Healthcare Facilities a lot of opportunities.
Nonprofit Organizations
Professional Services RKL has capitalized on them, Fisher
Wholesale Distributors continued, by evaluating specific client
Large Businesses
Pension Plans needs. One thing weve done in the past
State and Local Government year is a focus group with financial folks,
Hotels & Restaurants
Small Businesses owners, consultants that touch consum-
Retail Trade ers in the manufacturing and distribution
Banking & Thrift Companies
Entertainment area. We said, What do you need, what
Brokers/Dealers in Securities & Commodities
are your expectations of people provid-
Colleges and Universities
Investment Companies & Mutual Funds ing tax and audit services? And whether
Auto Dealerships
Government Contractors
we can do it and align with them to help
Franchising fulfill their needs, and bring value. When
Finance Companies/Mortgage Banks
School Districts you hand them a financial statement or tax
Publishing/Broadcasting/Media return, it looks the same no matter who did
Insurance Carriers/Companies
Insurance Agents & Brokers it. Were responding, communicating, and
Gaming trying to educate folks and arm them to do
Agriculture/Farming/Forestry/Fishing
Leasing Companies these things and help across the market.
0 20 40 60 80 100 We go through the proposals and differen-
tiate ourselves. AT
13
Ascend to Higher-Value
Client Advisory Services
FIRM CLIENTS
Key and notes: Last years rankings have been revised based on 2012 revenue provided by firms. Some firms rankings will therefore differ from those reported last year.
* Firm estimate or projection Accounting Today estimate Gross revenue NC No change NA Not available/applicable NR Not ranked
5 Changed its named from Marks Paneth & Shron. 6 Changed its named from Ehrhardt Keefe Steiner & Hottman.
RANK REVENUE PERSONNEL FEE SPLIT
Year $ % Off- Part- % Profes- % Total % (in percent)
14 13 Firm Headquarters Chief executive end mn. chg. ices ners chg. sionals chg. emps. chg. A&A Tax MAS Other
51 52 Habif, Arogeti & Wynne Atlanta Richard Kopelman Dec 64.28 6.62 1 26 NC 232 5.94 305 5.54 45 39 8 8
52 50 Elliott Davis Greenville, S.C. Richard Davis June 64.10 5.05 8 51 -3.77 265 7.72 392 4.81 47 35 14 4
53 57 Kaufman Rossin Group Miami Blain Heckaman / May 63.20 18.57 9 43 13.16 205 7.33 337 15.02 25 26 2 47
James Kaufman
54 51 Blue & Co. Carmel, Ind. Brad Shaw Dec 61.51 1.50 8 41 13.89 NA NA NA NA NA NA NA NA
55 66 BlumShapiro West Hartford, Ct. Carl Johnson Dec 61.30 28.24 4 30 3.45 251 54.94 341 32.17 56 32 1 11
56 54 Frank, Rimerman + Co.* Palo Alto, Calif. Bryan Polster Dec 61.20 12.33 5 21 16.67 229 1.78 267 2.30 27 62 11 0
57 62 Whitley Penn Fort Worth, Texas Larry Autrey Dec 58.71 19.84 5 38 8.57 206 8.42 294 8.09 43 43 0 14
58 56 SC&H Group Inc. Sparks, Md. Ronald Causey Dec 57.60 6.27 3 21 NC 217 -5.24 282 -6.00 17 43 40 0
59 53 Schneider Downs Pittsburgh Raymond Buehler June 57.56 4.07 2 36 2.86 284 6.37 354 5.36 45 35 20 0
60 59 Nigro Karlin Segal Feldstein & Bolno7 Los Angeles Mickey Segal Dec 56.08 11.67 2 21 NC 262 20.74 314 19.39 17 17 2 64
61 67 Doeren Mayhew Troy, Mich. Mark Crawford Sept 53.20 16.67 3 27 3.85 158 8.97 237 11.27 42 33 13 12
62 69 Frazier & Deeter Atlanta Seth McDaniel Dec 53.00 20.18 4 11 NC 158 17.04 201 13.56 32 40 0 28
63 60 Katz, Sapper & Miller Indianapolis David Resnick Dec 52.83 7.44 3 30 -6.25 198 13.79 276 9.52 26 43 24 7
64 68 Clark, Schaefer, Hackett & Co. Cincinnati Carl Coburn June 52.33 16.73 6 27 3.85 236 15.12 327 15.55 51 36 4 9
65 63 Hein & Associates Denver Brian Mandell-Rice Dec 50.71 4.45 4 33 6.45 191 13.69 266 11.30 48 47 4 1
66 58 SVA CPAs Madison, Wis. Carl Schultz May 50.29 -2.63 5 27 NC 160 0.63 373 -3.87 16 20 14 50
67 89 Hill, Barth & King Boardman, Ohio Chris Allegretti Aug 49.30 39.27 13 36 20.00 192 9.09 290 19.34 20 40 11 29
68 65 Watkins Meegan Bethesda, Md. Michael Micholas Dec 49.00 1.45 4 15 -11.76 196 -2.97 224 -4.27 22 22 56 0
69 64 Aronson Rockville, Md. Jeffery Capron Dec 49.00 1.01 1 31 6.90 154 3.36 224 3.70 43 33 22 2
70 71 Postlethwaite & Netterville Baton Rouge, La. William Balhoff April 47.07 12.47 10 29 NC 229 -20.76 311 -16.40 40 19 29 12
71 70 Squar Milner Newport Beach, Calif. Stephen Milner Dec 45.30 2.95 4 22 NC 171 18.75 229 12.25 40 53 0 7
72 83 Reinsel Kuntz Lesher Lancaster, Pa. Edward Monborne Dec 45.21 21.83 4 39 NC 228 6.05 300 3.81 33 35 10 22
73 73 Berkowitz Pollack Brant Miami Richard Berkowitz Dec 44.40 11.81 3 16 NC 135 25.00 194 19.02 18 41 3 38
74 82 Honkamp Krueger & Co. Dubuque, Iowa Greg Burbach Dec 43.70 16.47 7 18 5.88 150 45.63 343 11.73 14 18 6 62
75 72 BerryDunn Portland, Maine John Chandler June 43.12 7.40 5 18 NC 154 12.41 204 10.27 47 18 28 7
Key and notes: Last years rankings have been revised based on 2012 revenue provided by firms. Some firms rankings will therefore differ from those reported last year.
* Firm estimate or projection Accounting Today estimate Gross revenue NC No change NA Not available/applicable NR Not ranked
7 Changed its named from Nigro Karlin Segal & Feldstein.
RANK REVENUE PERSONNEL FEE SPLIT
Year $ % Off- Part- % Profes- % Total % (in percent)
14 13 Firm Headquarters Chief executive end mn. chg. ices ners chg. sionals chg. emps. chg. A&A Tax MAS Other
76 81 Freed Maxick CPAs* Buffalo, N.Y. Ronald Soluri April 41.50 9.64 4 35 NC 203 6.84 283 6.39 36 37 27 0
77 79 Raich Ende Malter & Co. New York City Ellis Ende / Dec 41.00 7.89 5 33 3.13 120 -2.44 191 -2.05 40 60 0 0
Charles Raich
78 74 Cohen & Co. Cleveland Randy Myeroff Sept 40.98 3.67 7 19 -9.52 200 9.89 263 5.20 46 40 2 12
79 75 Grassi & Co.* New York City Louis Grassi Dec 40.95 5.00 2 23 NC 136 8.80 197 6.49 48 41 9 2
80 NR Skoda Minotti & Co. Mayfield Village, Ohio Gregory Skoda Dec 40.01 43.25 4 23 64.29 167 38.02 226 38.65 23 26 12 39
81 76 Margolin, Winer & Evens Garden City, N.Y. Teddy Selinger Dec 40.00 2.56 2 25 -7.41 167 NC 207 -1.90 60 30 10 0
82 61 Rosen Seymour Shapss Martin & Co. New York City Michael Bernstein Dec 40.00 -18.37 3 24 -14.29 106 -34.16 165 -25.00 46 46 8 0
83 78 Mauldin & Jenkins Atlanta Donald Luker May 38.80 0.78 5 34 -10.53 125 -9.42 198 -7.04 59 30 2 9
84 77 SingerLewak Los Angeles Jim Pitrat Oct 38.50 -0.80 6 33 3.13 NA NA NA NA NA NA NA NA
85 80 Mountjoy Chilton Medley Louisville, Ky. Diane Medley Dec 38.31 1.00 5 37 -5.13 171 4.27 246 -0.40 40 36 9 15
86 91 AKT CPAs Salem, Ore. Stephen Tatone Dec 38.24 10.39 6 15 NC 176 7.98 235 12.44 28 33 11 28
87 85 Joseph Decosimo & Co. Chattanooga, Tenn. Nick Decosimo Dec 38.20 5.50 8 29 -6.45 177 4.12 265 1.53 47 39 7 7
88 84 Miller Kaplan Arase North Hollywood, Calif. Douglas Waite Feb 38.00 2.70 5 24 NC 117 8.33 175 1.74 58 17 17 8
89 88 RGL Forensics Denver Angie MacPhee Dec 37.65 6.06 17 23 -4.17 124 -27.06 190 -18.80 0 0 0 100
90 87 Raffa Washington, D.C. Thomas Raffa Dec 36.92 3.71 2 18 5.88 192 6.67 243 5.65 53 15 32 0
91 92 Gallina Roseville, Calif. Larry Taylor Dec 36.39 5.05 9 26 8.33 155 1.31 226 2.26 45 52 3 0
92 93 Seiler Redwood City, Calif. James DeMartini Dec 36.10 5.87 2 11 -15.38 116 -1.69 152 1.33 10 75 0 15
93 99 Prager Metis International New York City David Neste / Dec 35.99 16.59 7 30 20.00 129 12.17 199 13.07 30 45 25 0
Glenn Friedman
94 90 Kemper CPA Group Greenfield, Ind. Ronald Dezelan April 35.48 2.28 22 55 1.85 207 -3.72 298 -1.00 42 38 20 0
95 97 Kahn, Litwin, Renza & Co. Providence, R.I. Alan Litwin Dec 35.32 12.84 3 11 10.00 153 10.87 195 10.80 30 35 35 0
96 94 Kennedy and Coe Salina, Kansas Jeff Wald March 33.80 5.96 8 26 8.33 134 10.74 205 4.06 18 53 29 0
97 NR Montgomery Coscia Greilich Plano, Texas Thomas Montgomery / Dec 33.54 16.14 2 16 14.29 203 30.13 231 27.62 28 41 24 7
Matthew Coscia
98 86 Macias Gini & OConnell Sacramento, Calif. Kevin OConnell Dec 33.40 -7.73 9 10 -9.09 164 10.07 258 7.05 63 12 7 18
99 95 Wiss & Co. Livingston, N.J. Paul Peterson March 33.00 3.77 4 28 -3.45 114 -2.56 172 -1.71 56 32 0 12
100 96 Vavrinek Trine Day Rancho Cucamonga, Calif. Kevin Pulliam Dec 32.31 1.99 7 33 -8.33 NA NA 200 NA NA NA NA NA
Key and notes: Last years rankings have been revised based on 2012 revenue provided by firms. Some firms rankings will therefore differ from those reported last year.
* Firm estimate or projection Accounting Today estimate Gross revenue NC No change NA Not available/applicable NR Not ranked
CPAMERICA INTERNATIONAL HELPS YOUR FIRM
KEEP CLIMBING
CPAmerica International association
members are independent CPA firms
that benefit from practice management
support, continuing education and the
sharing of best practices to grow.
S
ince our Regional Leaders both repre- those of the Capitol Region, but is growing five REGIONS
sent a broader range of firms in terms of times as fast. Local economic conditions make all
The Capital Region 20
size, and bring with them the particular the difference, of course, but the point that size is
The Southeast 21
economic conditions of their geographic not everything is worth making.
regions, the trends here tend to be less clear than Unless, of course, youre talking about the New England 21
among our Top 100 Firms. size of our lists for each region. Weve been grow- The Mid-Atlantic 22
One anti-trend that weve noticed is the lack ing them steadily over the past few years, and are The Great Lakes 24
of correlation between the size of a region in terms happy to report a large number of new additions The Gulf Coast 24
of its overall firm revenues, and its growth rate. this year, many of which are highlighted in the
The Midwest 25
The Mid-Atlantic Regional Leaders, for instance, introductions to their individual regions.
have combined revenues almost twice as large If your firm should be on one of our Regional The Mountain States 26
as the Great Lakes Regional Leaders but an Leaders lists, send us an e-mail at AcToday@ The Southwest 26
average growth rate thats around half, while the SourceMedia.com, and well include you in next The West 27
Southwest has revenues that are slightly less than years survey. AT
20
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27
firm highlights
28
firm highlights
In June, launched EYTaxSpace Powered by X Holthouse Carlin & Van Trigt: Saw sig- uary 2014, agreed to pay $8.2 million to settle
Thomson Reuters for corporate tax clients. nificant growth in M&A, private equity, pro- SEC charges over auditor independence.
In August, donated its archives going back to fessional services, international tax, and en- X Lattimore, Black, Morgan & Cain: Re-
the early 1900s to Case Western Reserve Uni- tertainment practices. Launched a business ported organic growth of over 9 percent
versity. In December, agreed to pay investors development training program. across all service lines. Added a health care
$99 million to settle litigation over Lehman X Honkamp Krueger & Co.: In August, consulting company.
Brothers audit, and acquired the U.S. tax merged in Madison, Wis.-based The Brem- X Macias Gini & OConnell: Saw overall staff
preparation and court accounting outsourc- ser Group. In October, opened practice in growth of over 7 percent.
ing businesses of Thomson Reuters. Davenport, Iowa. Added medical practice X Marcum: In January 2013, merged in
X Frank, Rimerman + Co.: Saw revenue consulting and talent outsourcing to its ser- Massachusetts-based Parent, McLaughlin &
growth of over 12 percent. vices list. Nangle. In April, merged in Cornerstone Ac-
X Frazier & Deeter: Saw revenue growth of X Horne: Saw overall staff growth of over 11 counting Group. In July, merged in Irvine,
over 20 percent. percent. Named an Accounting Today 2013 Calif.-based WilsonMorgan. In January 2014,
X Freed Maxick: Saw revenue growth of over Best Firm to Work For. merged in three units of New England Re-
9 percent. Fastest growing specialty service X Joseph Decosimo & Co.: In March 2013, gional Leader Braver.
health care. Fastest growing client cat- acquired Huntsville, Ala.-based cost account- X Margolin, Winer & Evens: Saw revenue
egory consulting. ing and federal compliance solutions group growth of over 2 percent.
X Friedman: Saw revenue growth of over Solvability. In December, merged in Larry X Marks Paneth: Rebranded from Marks
8 percent. Fastest growing specialty service Hyatt & Associates. Paneth & Shron. In February 2013, merged
international tax. Fastest growing client X Kahn, Litwin, Renza & Co.: In January in New York City-based Rosenberg, Neuwirth
category real estate. Named an Accounting 2013, merged with Waltham, Mass.-based Fay & Kuchner.
Today 2013 Best Firm to Work For. & Associates. In May, opened KLR Emerging X Mauldin & Jenkins: In June, acquired Ten-
X Gallina: Expanded service lines, including Business Center to offer co-working office nessee-based Hazlett, Lewis & Bieter.
international tax; state and local tax; and es- space to start-ups. X MBAF CPAs: Worked to achieve greater
tate, trust, retirement and succession services. X Katz, Sapper & Miller: Saw revenue consolidation of the Northeast Region op-
Hired a director of recruitment and develop- growth of over 7 percent, and overall staff erations with the rest of the firm. Enhanced
ment. Joined TIAG alliance. In February 2014, growth of over 9 percent. cross-utilization of staff and skills among
acquired Mercer Island, Wash.-based Tuef- X Kaufman Rossin Group: Saw revenue various regions. Designed and implemented
fers, Guckian & Gamon. growth of over 18 percent. Named the No. cost controls.
X Grant Thornton: Redesigned external 1 Accounting Today 2013 Best Firm to Work X McGladrey: In August, launched a strat-
Web site. Hired a chief people and culture For in the Large Firm Category for the third egy to serve middle-market companies. Late
officer. In September 2013, acquired Oracle year in a row. in 2013, acquired Wilmington, N.C.-Lanier,
Solutions business unit MarketSphere. In No- X Kearney & Co.: Saw staff growth of over Whaley, Craft & Co., and Houston-based
vember, extended tenure of current CEO. 2 percent. Margolis, Phipps & Wright.
X Grassi & Co.: In May 2013, added in David X Kemper: Fastest growing service area X Miller Kaplan Arase: Appointed a new
C. Sobel CPA and his staff. In December, investment advisory services. managing partner. Expanded Seattle office.
launched Grassi Technology Consultants. X Kennedy and Coe: Installed new CEO. Saw significant growth in business manage-
X Habif, Arogeti & Wynne: In May, merged X KPMG: Completed acquisition of Ora-
ment and entertainment group.
in boutique tax consulting firm JRZ. Launched cle ERP practice of The Hackett Group. X Montgomery Coscia Greilich: New to the
efforts to define, refine and embrace the Launched alliance-based offering in indirect list. In March 2013, joined the Alliott Group
firms culture. tax with Thomson Reuters. In May 2013, alliance. In May, opened new office in Austin,
X Hein & Associates: Expanded cloud solu- agreed with Fannie Mae to pay $153 million Texas. In June, launched strategy and man-
tions service line. Saw staff growth of over 11 to settle class-action suit over Fannie Mae agement consulting practice. In September,
percent. audit. In July, launched market alliance with marked 10th anniversary.
X Hill, Barth & King: Launched HbK Corpo- cloud-based procurement solution provider X Moss Adams: Marked its 100th anniver-
rate Finance division. Created new Web site Coupa Software. In September, Denver office sary. Installed new chairman/CEO.
and YouTube channel. In November 2013, achieved LEED-CI certification. In Decem- X Mountjoy Chilton Medley: Transitioned
merged in Lawrenceville, N.J.-based Bartolo- ber, announced plans to acquire analytical in operations of Jeffersonville, Ind.-based
mei Pucciarelli CPAs. applications company Link Analytics. In Jan- firm. Expanded Cincinnati office. Saw strong
29
firm highlights
increase in regulated industry work, such as dealer, RGL Advisors, to offer M&A transac- revenue growth of almost 14 percent.
insurance, financial institutions and health tion advisory services in the U.S. X SVA CPAs: In June 2013, installed new
care. In December 2013, launched IT consult- X Rosen Seymour Shapss Martin & Co.: CEO. In January 2014, merged in Wisconsin-
ing & strategy services. Fastest growing specialty service large based practice of William P. Merrick, CPA.
X Nigro Karlin Segal Feldstein & Bolno: private equity transactions. Fastest growing X UHY Advisors Inc.: Saw overall staff
Changed name from Nigro Karlin Segal & client category private equity companies. growth of over 10 percent.
Feldstein. Sold a 24.5 percent minority stake X Rothstein Kass: Saw revenue growth of X Vavrinek Trine Day & Co.: All figures are
in the firm to First Republic Bank. almost 7 percent. Accounting Today estimates.
X Novogradac & Co.: Saw revenue growth of X RubinBrown: Launched national prac- X Warren Averett: In January 2013, merged
over 10 percent. tices to serve private equity firms and gaming in Atlanta-based Gifford, Hillegass & Ingwers-
X OConnor Davies: In October, announced companies. en, and Tampa, Fla.-based Pender Newkirk.
merger with Cranford, N.J.-based Fazio, Man- X SC&H Group Inc.: Joined firm network Rebranded firm with new visual identity.
nuzza, Roche, Tankel, LaPilusa. In January Moore Stephens. Fastest growing specialty Developed new and expanded services in
2014, merged with New York City-based Mer- service technology consulting. Fastest SALT, business valuation, forensic account-
sel, Klein & Co. growing client category health care. ing and litigation support, health care reform,
X ParenteBeard: In January 2013, merged X Schenck: In January 2013, acquired ma- economic settlement claims processing, and
in Connecticut-based health care manage- jority stake in Milwaukee-based Bonfield & alternative investments.
ment consulting firm Presscott Associates. In Co. Installed new MP and CFO. Changed X Watkins Meegan: Expanded hospitality
November, closed its technology practice. In practice management system. practice and increased government contract-
February 2014, added team members from X Schneider Downs: Relocated corporate ing practice. Started health care consulting
insurance consulting firm Invotex. headquarters within Pittsburgh. practice. Hired business development/mar-
X Plante Moran: In April 2013, launched X Seiler: Share of revenue derived from tax keting director.
Women in Leadership initiative. In July, increased from 70 to 75 percent. X Weaver: Saw revenue growth of over 13
launched a Web site offering ACA guidance. X Sikich: In January 2013, merged in Il- percent, and growth in all four of its largest
In November, opened an office in Detroit. linois-based supply chain consulting firm niches energy, financial services, the pub-
lic sector, and manufacturing. In February
X Postlethwaite & Netterville: Implement- Achieve Consulting. In August, announced
merger with Brookfield, Wis., firm Kolb+Co. 2014, merged in Connecticut-based RIN At-
ed a formal shareholder evaluation process,
In September, merged in St. Louis-based test and Advisory Services.
a formal pipeline process, a business de-
velopment training curriculum, and growth ODonnell, Bonebrake & Co. Also merged X WeiserMazars: In November 2013, merged
management software. in S2 Consulting and PKF Texas Technology. in New York-based Resnick Druckman Group.
Added eight services: PR, insurance, lean Expanded health care consulting group.
X Prager Metis International: New to the
list. Formed from January 2013 merger of
back office, business intelligence, SALT, and X Whitley Penn: Expanded transaction ser-
international tax. Restructured executive and vices practice and forensic, litigation and
Prager & Fenton and Metis Group. Added a
compensation committees. Revised partner valuation services statewide. Named an Ac-
number of new service lines, including SALT,
compensation plan. counting Today 2013 Best Firm to Work For.
cost segregation and research tax incentives.
X SingerLewak: In January 2013, merged in X Wipfli: Formalized fresh-water industry
X PwC: In July 2013, reshuffled U.S. leader-
San Francisco office of Acquavell, Chiarelli, services; opened office in Milwaukees Global
ship team. In October, announced plans to
Shuster, Berkower & Co. Water Center. Launched Wipfli Connect for
merge in consulting firm Booz & Co.
X Skoda Minotti & Co.: New to the list. Manufacturing software solution. In January
X Raffa: In November 2013, launched Raffa
In May 2013, merged Skoda Minotti Technol- 2014, merged in Tinley Park, Ill.-based The
Nonprofit Fraud Prevention Institute.
ogy Partners with Westlake, Ohio-based Da- Condon Group and Chicago-based practice
X Raich Ende Malter: In March 2013, estab- taServ. In June 2013, merged in Tampa, Fla.- Regulatory Compliance Associates Inc.
lished Raich Ende Malter (Cayman). based Dowell & Perez. In August, merged X Wiss & Co.: More than half of revenues (56
X Rehmann: Saw revenue growth of over 15 in Tampa-based national assurance solu- percent) derived from A&A services.
percent. tions and compliance company Assurance X WithumSmith+Brown: Consolidated two
X Reinsel Kuntz Lesher: Saw growth in rev- Concepts. New Jersey offices. Invested in international
enue of over 21 percent. X Squar Milner: Significantly expanding tax practice and financial services practice.
X RGL Forensics: Opened an office in San- Los Angeles offices. Named an Accounting Today 2013 Best Firm
tiago, Chile. Introduced registered broker- X SS&G: In May 2013, named new CEO. Saw to Work For.
30
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