2017 ipa special report - insidepublicaccounting
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2017 IPA SPECIAL REPORT
“For good ideas and true innovation, you need human interaction, conflict, argument, debate.” - Margaret Heffernan – Entrepreneur, Chief Executive and Author
EXCERPTED IN PART
IT IS A VIOLATION OF FEDERAL COPYRIGHT LAW TO REPRODUCE ALL OR PART OF THIS PUBLICATION WITHOUT CONSENT. COPYRIGHT ©2017 THE PLATT GROUP/INSIDE PUBLIC ACCOUNTING.
SPECIAL EDITION THE 2017 BENCHMARKING ISSUE
Over the past few months, INSIDE Public Accounting (IPA) has highlighted
the successes and challenges of the IPA 100, 200, 300 and Best of the Best
firms based on results from last fiscal year.
The common themes that connect each of these groups – and the hundreds of
firms that participated in the IPA survey this year – can be captured in the
following thoughts.
Growth is still prevalent but is increasingly harder to come by. Profitability is
eroding, forcing leaders to be even more innovative in challenging the status
quo to maintain income targets. The creativity needed to position firms for
the future is abundant across the profession, with success stories emerging in
firms of all sizes, geographies and practice mixes.
October 2017 Vol. 31, No. 10
TRENDS
Staff Turnover 4 Business Development 4 Women In Partnership 5
ACCOLADES
The 2017 Fastest-Growing Firms Under $5 Million 7
The 2017 Fastest-Growing Firms Over $5 Million 8
The 2017 Fastest-Growing Regional Firms 9
METRICS
The IPA 200 Metrics 11 The IPA 300 Metrics 13
SURVEY DATA
The Most Recommended Consultants 16
The Most Admired Peers 17
2017 IPA Best Of The Best Runners Up 18
2017 Largest Firms By Region 20
INSIDE PUBLIC ACCOUNTINGA publication of The Platt Group
insidepublicaccounting.com
OCTOBER 2017 – Excerpted In Part INSIDE PUBLIC ACCOUNTING / 3
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INCLUDED IN THE OCTOBER ISSUE
IPA 200 PROFIT INDICATORS
IPA 300 PROFIT INDICATORS
MOST ADMIRED PEERS
MOST RECOMMENDED CONSULTANTS
THE FASTEST-GROWING FIRMS IN THE NATION
THE LARGEST FIRMS BY REGION
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Firms That Score High Marks For Women In The Partnership Ranks
With an increasing number of client businesses
owned by women and more than half the accounting
labor pool being female, attracting, retaining and
developing women into firm leaders continues to be
imperative.
The percentage of female owners this reporting year
is at 18.9%, up slightly from 17.5% in 2016. But
among firms above $50 million, the average is
15.9%, a small percentage increase from 2016 at
15.7%.
From a report conducted by INSIDE Public Accounting and ConvergenceCoaching of more
than 700 young accounting professionals, women early in their careers felt strongly that their
firm would offer them leadership roles. This shifted when they reached the 34-40 age group,
when the percentages drop. Of all female respondents, 43% reported that they know what it
takes to advance, but this drops once again, as only 34% of respondents aged 34-40 felt the
same way.
IPA is recognizing 30 firms – 10 each in the IPA 100, 200 and 300 – that have the highest
percentages of female owners among the largest accounting firms in the nation. These firms
have made development, advancement and retention of women a priority. IPA
OCTOBER 2017 – Excerpted In Part INSIDE PUBLIC ACCOUNTING / 5
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THE 2017 FIRMS WITH THE HIGHEST PERCENTAGE OF FEMALE EQUITY PARTNERS
Firm / Headquarters Managing Partner IPA
Ranking % Female Partners
THE 2017 IPA 100 FIRMS
Raffa PC / Washington, D.C. Thomas J. Raffa 80 71.4%
The Siegfried Group LLP / Wilmington, Del. Robert L. Siegfried Jr. 30 45.5%
PYA / Knoxville, Tenn. Edward V. Pershing 94 40.0%
Frank Rimerman + Co. LLP / Palo Alto, Calif. Brian Kreischer 50 34.8%
BerryDunn / Portland, Maine John M. Chandler 72 33.3%
K·Coe Isom LLP / Salina, Kan. Jeff Wald 65 32.4%
Kemper CPA Group LLP / Evansville, Ind. John A. Rubenacker 93 29.0%
Honkamp Krueger & Co. PC / Dubuque, Iowa Gregory C. Burbach 60 28.0%
Kahn Litwin Renza & Co. Ltd. / Providence, R.I. Alan H. Litwin 89 27.8%
Andersen Tax / San Francisco Mark L. Vorsatz 23 26.6%
THE 2017 IPA 200 FIRMS
DZH Phillips LLP / San Francisco Lawrence Wood 178 66.7%
Kerkering Barberio & Co. / Sarasota, Fla. Robert J. Lane 174 66.7%
Abbott Stringham & Lynch / San Jose, Calif. Raymond Scheaffer 185 50.0%
James Moore & Co. PL / Gainesville, Fla. Carol A. Villemaire 194 50.0%
Anderson ZurMuehlen & Co. PC / Helena, Mont. Don Laine 132 46.4%
Henry & Horne LLP / Tempe, Ariz. Chuck Goodmiller/Chuck Inderieden 127 46.2%
Johnson Lambert LLP / Vienna, Va. John Prescott 129 45.5%
Gursey | Schneider LLP / Los Angeles Stephan H. Wasserman 103 42.9%
Windham Brannon PC / Atlanta Heidi LaMarca 141 40.4%
Redwitz Inc. / Irvine, Calif. Robert R. Redwitz 183 40.0%
THE 2017 IPA 300 FIRMS
Wall Einhorn & Chernitzer PC / Norfolk, Va. Martin A. Einhorn 238 62.5%
Beene Garter LLP / Grand Rapids, Mich. Thomas P. Rosenbach 232 57.1%
KWC CPAs / Alexandria, Va. Stephen G. Travis 255 50.0%
RBT CPAs LLP / Newburgh, N.Y. Thomas D. Weddell 275 50.0%
Hood & Strong LLP / San Francisco Robert A. Raffo 201 46.2%
Melanson Heath & Company PC / Nashua, N.H. Frank Biron 267 42.9%
Clayton & McKervey PC / Southfield, Mich. Robert Dutkiewicz 262 42.1%
Bader Martin PS / Seattle David A. Stiefel 236 40.0%
HLB Gross Collins PC / Atlanta Michael Bohling 277 40.0%
Mengel Metzger Barr & Co. LLP / Rochester, N.Y. Mark J. Kovaleski 231 40.0%
Source and Copyright ©2017 The Platt Group / INSIDE Public Accounting / (317) 733-1920 / www.insidepublicaccounting.com
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TheAnnualBenchmarkingReport
TheIPAAnnualSurveyandAnalysisofFirmsisopentoallfirmsacrossNorthAmerica.Thefinalresult is theannual IPANationalBenchmarkingReport, which is one of the longest‐running,most complete, independent sets of economicand management statistics available about theprofession.
Thenationalreportincludesaggregateddataonmorethan300datapointsanalyzedandbrokenout by revenue bands and geographicallocations.
Firms that fully participate in the annual IPAAnnual Survey and Analysis of Firms receive acomplimentary Executive Summary of thefinding. IPA has partnered with some of theleading international associations to offerservices,toolsandresourcesnotfoundelsewhere.Partnerassociationmembersreceivefullaccesstothebenchmarkingreport,andsomereceiveamorerobustsetoftools,suchastheinternaloperationalreports.
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