Partners in Top 100 Firms overwhelmingly express a preference for their firms to remain independent. Not surprisingly, there have been very few recent mergers combining Top 100 Firms. This period of calm is highly reminiscent of the climate among the Big Eight firms in the 1980s. Few predicted the upcoming spree of mega-mergers that created…
Business strategists who follow the accounting profession are sending a consistent message: “The work of accountants is going to be heavily automated by further advances in technology. Firms need to move into value added advisory services to maintain growth and profitability.” When we talk to managing partners, we hear this same prediction. Surprisingly, though, the…
We used to think that copying others or repeating the same actions because they are institutionally easy or have worked in the past was very non-strategic behavior. Experience has shown us that in some cases it may be the most strategic behavior for particulars firm when it comes to expanding geographically and expanding specialties. How…