Marks Paneth Acquires Entertainment Practice

New York-based Marks Paneth (FY15 net revenue of $111 million) has announced that the partners and staff of Shedler & Cohen, also of New York, have joined the firm.

The acquisition brings two partners, Michael Shedler and Ellen Cohen, as well as 13 professionals to the firm. The addition of Shedler & Cohen has expanded and strengthened the specialized services that Marks Paneth’s business management and family office practice provides to clients in entertainment business management. The practice is led by Lawrence Cohen.

“Joining Marks Paneth enhances the value we can directly provide to our clients,” says Ellen Cohen. “We will now have the ability to provide end-to-end accounting, tax and advisory services, as well as expertise in areas such as real estate and international tax.”

Since its founding in the 1950s, Shedler & Cohen has provided comprehensive business management and individual tax services to actors, directors, set and lighting designers, producers and writers.

“The years of family office expertise brought on by Michael, Ellen and their team enhances our existing strength in these areas, and places us at the forefront in serving the needs of this segment,” says Marks Paneth MP Harry Moehringer.