Resources for Sarbanes-Oxley (SOX)

Having the Right Firm Merger Mindset

www.webcpa.com

Although their dynamics are changing, demographics, recruitment, and retention are still the biggest factors affecting firm mergers and acquisitions. With regard to the demographics of partners, the upward age spiral continues. Recent statistics indicate more than 60 percent are over the age of 50 and close to 10 percent of all partners will retire in the next two to three years. Compounding this is the difficulty firms are having attracting and retaining quality staff. This alarming trend is why many firms consider merging up or selling. The first question that potential acquirers ask me is: "What level of staff is maintained by the target firm?" and, in multi-partner firms: "What is the partner age distribution?"

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