Aprio Names New Partner

Rob Shirley

Atlanta-based Aprio (FY17 net revenue of $85.1 million) is pleased to announce that Rob Shirley has joined the firm as a partner. Shirley will be located in Aprio’s Birmingham, Ala., office and in his role will be responsible for expanding Aprio’s presence in the Alabama market.

“Rob has a long history of providing clients with a high level of client service and delivering results, which makes him a strong cultural fit for the firm and reinforces our commitment to the Aprio Way,” says Richard Kopelman, CEO and MP.

Shirley has more than 25 years of experience in both public and private accounting, including six years with a top national accounting firm. He has assisted clients with growing their businesses, including through merger and acquisition, securing debt and managing risks. He has also worked as a financial leader for a national wholesale life insurance distribution company and a regional securities firm. Rob’s expertise extends to construction, manufacturing, retail, not-for-profit organizations and health care.

“It is a privilege to come to such a growth-oriented firm as Aprio,” says Shirley. “I’m excited to grow our presence in the Alabama market and help businesses navigate to their next.”

EisnerAmper Adds West Palm Beach Office 

New York-based EisnerAmper (FY18 net revenue of $360.7 million) has announced the opening of a new downtown office in West Palm Beach, Fla.

“With offices in Miami and Fort Lauderdale, Palm Beach County was the logical next step in serving our clients who live and work in the South Florida marketplace and beyond,” says Barry Gould, EisnerAmper’s Florida PIC. “South Florida is an enormously strategic location for our firm due to its growth, excellent business climate, proximity to Latin America and more.”

“We very much look forward to establishing ourselves in the community and continuing our long tradition as a positive corporate citizen, as we’ve done in our other locations around the globe,” adds Michael Mazzola, PIC of financial services in Florida.

Whitley Penn Plans New Office in Plano

Fort Worth, Texas-based Whitley Penn (FY17 net revenue of $97.6 million) will lease a new 13,451-square-foot office in Plano’s Legacy West.

“Our firm continues to grow at a steady pace, not only in human capital but in the number of clients we support,” says MP Larry Autrey. “We are committed to meeting that demand by placing our professionals in a location that supports the needs of our clients.”

Far North Dallas continues to be one of the most active office markets in the U.S. According to JLL Research, through the second quarter of this year, over 1.49 million square feet of new office space has been completed.

“When the opportunity was presented for us to move into the growing Legacy West area, we knew this was the perfect fit,” says Felix Lozano III, PIC of Whitley Penn’s Dallas office. “The increasing number of clients and employees we have in the North Dallas, Plano and Frisco area made it an easy decision to expand our Dallas presence up north.”

JLL Executive Vice President Calvin Hull represented Whitley Penn in the lease negotiation. CBRE’s David Reed and Ben Davis represented the landlord, Legacy West Investors. DLR Group | Staffelbach is overseeing the interior design.

Whitley Penn will move in to its new office, 5908 Headquarters Drive, in October.

Prager Metis CPAs Opens Bergen County Office

New York-based Prager Metis CPAs (FY17 net revenue of $82.5 million), ranked No. 56 on the 2018 IPA 100 list, announces the opening of a third office in New Jersey.

The Aug. 1 opening of the new Hackensack office was facilitated by Whitman Business Advisors. The firm also has offices in Basking Ridge and Cranbury.

“The Prager Metis presence in New Jersey continues to grow significantly,” says New Jersey Regional MP Lori Roth, “and opening a third location allows us to continue to provide excellent service to our existing and increasing client base. It also underscores our unwavering commitment to the diverse businesses and individuals throughout the state. We are excited to expand our footprint into Bergen County and extend our presence throughout northern New Jersey.”

The firm will welcome a number of new team members, including partners and principals. Ronald Friedlander will serve as OMP. The firm is also expanding service lines and industry expertise, including public companies, litigation support and international engagements.

“Prager Metis strives to be the ‘go-to’ firm in New Jersey, and our increased expertise in these particular areas strengthens that reputation and brings us one step closer to that ultimate goal,” Roth says. The firm prepared a video announcement.

Two Texas Firms Combine

Tyler, Texas, accounting firms Jerry Nelson & Associates and Gollob Morgan Peddy (Fy17 net revenue of $11.6 million) merged operations on Aug. 1.

According to a news release, the entire staff of Jerry Nelson & Associates joined Gollob Morgan Peddy in Tyler and the Nelson, Texas, office closed Aug. 6.

One of Jerry Nelson & Associates’ primary specialties is the construction industry, which is expected to complement the strong construction division at Gollob Morgan Peddy.

“Jerry and his staff share the same core values of client service we practice here at Gollob Morgan Peddy,” MP Shane Rohrbach says. “We believe this merger will be a great fit for Jerry’s clients and his staff. We expect a seamless transition between our companies.”

Women and Men Report Starkly Different Experiences at Big Law

The work experiences of women and men are vastly different within the nation’s largest law firms, according to a new study commissioned by the American Bar Association (ABA).

The study, which surveyed more than 1,300 participants from the nation’s 350 largest law firms, was designed to help retain women, who are leaving the law profession earlier in their careers and in larger numbers than men, according to an Aug. 3 article in The American Lawyer.

The greatest divergence emerged in questions about sexual harassment and gender bias.

  • Unwanted sexual conduct or contact? The answer was yes from 49% of women and 6% of men.
  • Demeaning communications? Yes, said 74% of women and 8% of men.
  • Mistaken for a lower-level employee? Yes, 81% of women reported. Not one man responded yes.
  • Denied a salary increase or bonus? Yes, reported 54% of women and only 4% of men, the study said.

The report also revealed significant differences in perceptions of advancement of women in Big Law between female partners and managing partners.

  • Are firm leaders “active advocates” for advancing women? Among MPs, 80% said yes while 61% of female partners agreed.
  • Do firms promote women into leadership positions? Three-quarters of MPs said yes versus 54% of female partners.
  • Is gender diversity a priority? Of the MPs, 79% said yes, while 54% of female partners answered in the affirmative.
  • Are firms doing a good job of promoting women into equity partnerships? Among MPs, 71% said yes while the number was 47% among female partners.

“The longer I do this, the more frustrated I have become that we continue to have to ask these same questions: Why are there so few women who make it to the level of equity partner? Why are there so few women on compensation committees? Why are there so few women managing partners?” said ABA president Hilarie Bass, who commissioned the study. “It really begs the question of what we need to do to have more women in these upper levels, if in fact almost half of women have left by the time they’re 50.”

The survey asked about men’s and women’s general level of satisfaction within Big Law to help answer the question of why women are leaving their firms. Again, the differences were wide.

  • Satisfied with compensation methods? Yes, said 69% of male partners versus 44% of female partners.
  • Satisfied with recognition received? Yes, said 71% of male partners and 50% of female partners.

For lawyers with more than 20 years of experience, the survey asked about home life responsibilities as well.

  • Do you arrange child care? Yes said 54% of women, but only 1% of men did so.
  • Do laundry? Yes, reported 42% of women and 8% of men.
  • Leave work often for their child’s needs? Yes, reported 34% of women versus 5% of men.

Stephanie Scharf, of Chicago’s Scharf Banks Marmor, said many of the suggestions will be aimed at changing law firms. She is chair of the ABA Commission on Women in the Profession and took part in conducting the survey.

“In looking at the parameters where women are much less satisfied than men, all of those factors are pretty much within the control of the law firm,” Scharf told the American Lawyer. “We did not see differences in opinion [between men and women], for example, on the challenge of your work or the individual responsibility of your work. I underline that because I do believe this is within control of the employers.”

The full report will be released around Labor Day.

Given the importance of Millennials and Generation X to the future of the CPA profession, in 2016 INSIDE Public Accounting and ConvergenceCoaching analyzed input from more than 700 young professionals at CPA firms across the country, providing a focused look at what it takes to engage and retain these key team members. You may access the complimentary report.

Two Long Island Firms Become KVLSM

Woodbury, N.Y.-based Katz Viola Lebenhart & Mauro (FY17 net revenue of $4.6 million) and Lipner Sofferman & Co. have merged to form KVLSM creating a firm that employs nearly 30, reports the Long Island Business News.

KVLSM combines the operations of Lipner Sofferman, which had three partners and four employees, and Katz Viola, which had four partners and 17 employees. Michael Katz leads KVLSM as MP.

“It is wonderful to have two accounting firms become one entity and service a wide variety of industries like never before,” says partner Anthony Viola in a written statement. “This merger will also allow us to expand our services to a growing, more diverse clientele.”

Congratulations to the 2018 IPA 100 All Growth Fastest-Growing Firms

IPA identifies the 10 fastest-growing IPA 100 firms based on reported all growth in net revenue, including the influence of mergers.

This year’s IPA 100 Fastest-Growing Firms experienced an impressive average all growth increase in net revenue of 27.9%.

The 2018 IPA 100 All Growth Fastest-Growing Firms

Squar Milner LLP / Newport Beach, Calif. / 40.0%
Prager Metis CPAs LLC / New York / 35.8%
The Siegfried Group LLP / Wilmington, Del. / 30.5%
Schellman & Company LLC / Tampa, Fla. / 28.1%
Lutz / Omaha, Neb. / 25.6%
Cohen & Company / Cleveland / 25.3%
Kearney & Company / Alexandria, Va. / 25.0%
Armanino LLP / San Ramon, Calif. / 24.4%
Macias Gini & O’Connell LLP / Los Angeles / 22.8%
RubinBrown LLP / St. Louis / 21.8%

View the 2018 IPA 100, 200 and 300 rankings.

Order your 2018 IPA Benchmarking Tools.

Just Announced: The 2018 IPA 100

Congratulations to the 2018 IPA 100 Firms

INSIDE Public Accounting unveils the IPA 100 – the annual list of the largest 100 accounting firms in the country. Find out if your firm made the list.

IPA subscribers and firms that completed the IPA survey will receive the August issue, which features the IPA 100, IPA 200 and IPA 300 list, the fastest-growing IPA 100 firms, and an analysis of the data. The newsletter will be released this week.

Demographics of the Public Accounting Profession – 2018

The Big 4 firms collectively represent $56.5 billion in revenues, making up 75% of the total revenue of the IPA 100. The next 96 firms represent $20.1 billion in total revenues. Excluding the Big 4, 42 firms are known as the IPA $100 Million Club, with revenues above that number. The 96 non-Big 4 firms collectively employ more than 90,000 staff across the United States.

View the 2018 IPA 100, 200 and 300 rankings.


For copies of the 2018 IPA 100 Firms issue, customized reprints and pricing information, please contact Chelsea Summers.

Subscribe to the IPA monthly newsletter today!

About The Platt Group and INSIDE Public Accounting: INSIDE Public Accounting (IPA), founded in 1987, is published by The Platt Group. The Platt Group publishes both the award-winning INSIDE Public Accounting newsletter and the award-winning National Benchmarking Report.

Congratulations to the 2018 IPA 100 Fastest-Growing Firms

IPA identifies the 10 fastest-growing IPA 100 firms based on reported organic growth in net revenue, without the influence of mergers. While growth with mergers represents the true growth, isolating organic growth provides insight into the strength of the growth engine of the firms.

This year’s IPA 100 Fastest-Growing Firms experienced an impressive average organic increase in net revenue of 18.3%.

The 2018 IPA 100 Fastest-Growing Firms

The Siegfried Group LLP / Wilmington, Del. / 30.5%
Schellman & Company LLC / Tampa, Fla. / 28.1%
Kearney & Company / Alexandria, Va. / 25.0%
Raich Ende Malter & Co. LLP / New York / 20.4%
Cohen & Company / Cleveland / 16.1%
Frazier & Deeter LLC / Atlanta / 13.0%
Berkowitz Pollack Brant / Miami / 12.7%
SC&H Group / Sparks, Md. / 12.5%
SingerLewak / Los Angeles / 12.3%
Andersen Tax / San Francisco / 12.2%

View the 2018 IPA 100, 200 and 300 rankings.

Order your 2018 IPA Benchmarking Tools.