larger firms want to drive scale; smaller firms want more distribution and leverage.
by ira rosenbloom
even as the pandemic rips through the world with horrific tragedy, it is also spawning some new ideas, some critical imperatives, and some unforeseen opportunities, especially in the area of cpa firm succession.
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we are witnessing a heightened interest in firms committing sincerely to mergers and other practice combinations, and there is now a shifting business culture that aligns better with internal practice succession than we have seen in a long while.
these shifts in succession potential are largely a function of technology, quality of life, client needs (and demands), and resources.
let’s break it down: