Consider staff growth opportunities when merging

BVWireIssue #182-2
November 8, 2017

It seems that each week in the “BV Movers . . .” section of the BVWire there is news of a merger between valuation firms or CPA firms involved in valuation. Of course, there are many issues to consider when merging, and Nancy Fannon (Marcum) discussed these in an article in Business Valuation Update where she gave insights into the merger of valuation and litigation services firm Meyers, Harrison & Pia (MHP) with Marcum. One of the issues is the availability of career advancement opportunities for staff. “A firm can only grow and promote staff if the growth of the firm allows it,” she writes. “MHP was doing this: Our revenues and profits had grown for many consecutive years, and we were actively seeking valuation firms to acquire in order to maintain our growth trend. However, Marcum presented an opportunity for exponential growth, far beyond what we believe we could have achieved on our own, as a small, boutique firm. In turn, this presents extraordinary career opportunities for our staff, ‘in at the ground floor’ of what we intend to build into a significant national practice.”

Staff expansion: In the wake of the merger, the practice building continues—Marcum is actively hiring financial damages and business valuation experts at all levels. The firm will have a booth at the 2017 AICPA Forensic and Valuation Services Conference November 13-15 in Las Vegas where you can learn more about the opportunities they have. If you would like to schedule time to meet members of the firm at the conference, send an email to Erica Marcantonio, PHR.

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