Arthur Andersen takes top spot as accountants expand locally.The top local accounting firm offices grew in their professional employee ranks in 1995, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. this week's List of the 50 largest accounting firms in L.A. County (see pages 12, 14). Arthur Andersen For the U.S. Supreme Court case commonly known as Arthur Andersen, see . Arthur Andersen LLP, based in Chicago, was once one of the "Big Five" accounting firms (the other four are PricewaterhouseCoopers, Deloitte Touche Tohmatsu, Ernst & Young and KPMG), performing LLP LLP - Lower Layer Protocol added so many accounting professionals locally - 97 - that it unseated Deloitte & Touche for the No. 1 spot on The List, which ranks firms on the basis of how many accounting professionals they employ in L.A. County. Dick Poladian, Arthur Andersen's managing partner for metropolitan Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, , said three areas are driving the firm's growth here. First, the company has added accounting professionals to meet the increased demand from so-called "enterprise" companies - emerging firms in the burgeoning high tech arena and other owner-operated shops that are growing and need professional accounting help. Secondly, Poladian said, the firm has been getting more work doing "commercial" audits - for both existing corporate clients and for government entities, including the Metropolitan Transportation Authority. And finally, Arthur Andersen has been adding people to meet the "very high demand in the marketplace" for contract audits, Poladian said. Ranks expand The local offices of Deloitte & Touche added 50 accounting professionals, for a total of 739, and is ranked No. 2 this year. Ernst & Young merged with Kenneth Leventhal & Co. in 1995, picking up about 116 real estate-oriented accounting professionals, and added some more people on its own, but still was ranked third (with 732 total professionals) due to the growth at the other two top firms. "Our firm really had a phenomenal year," said Ernst & Young LLP Marketing Director Julie Williams-Lytle. "Our revenues were up 16.7 percent." One finn that moved up significantly on The List was Los Angeles-based Parks Palmer Turner & Yemenidjian. The finn increased its staff of accounting professionals from 36 to 53 and moved up from No. 27 to No. 16. Managing Partner James Parks James Parks was a freed slave who is prominently buried at Arlington National Cemetery. He died at Freedman's Village in Arlington, Virginia. Biography The first graves in Arlington National Cemetery were dug by James Parks, a former Arlington Estate slave. said the firm successfully marketed it expertise in real estate and bankruptcy bankruptcy, in law, settlement of the liabilities of a person or organization wholly or partially unable to meet financial obligations. The purposes are to distribute, through a court-appointed receiver, the bankrupt's assets equitably among creditors and, in most reorganization when the time was right. Focus on insolvency insolvency Condition in which liabilities exceed assets so that creditors cannot be paid. It is a financial condition that often precedes bankruptcy. In the context of equity, insolvency is the inability to pay debts as they become due; insolvency under the balance-sheet "We got some more real estate clients. Real estate has been in the doldrums doldrums (dŏl`drəmz) or equatorial belt of calms, area around the earth centered slightly north of the equator between the two belts of trade winds. . There have been some insolvencies," noted Parks. "We've been marketing our insolvency practice. ... One of our clients had a Big Six firm. They put their property in bankruptcy and hired us." Clients facing Chapter 11 reorganization appreciate the personal service they get at a smaller, boutique Boutique A small investment firm specializing in offering specific, but limited services to a select number of individuals. Notes: These investment firms are the alternatives to large financial supermarkets. They provide a highly personalized environment for investing. firm, Parks said. Other firms adding accounting professionals and moving up on The List include: * Los Angeles-based Nigro Karlin & Segal, which added nine accounting professionals, for a total of 78, and moved up from No. 11 to No. 8. Nigro Karlin specializes in royalty and participation audits, personal and corporate accounting and taxes. * Miller Kaplan Arase & Co. of North Hollywood, which added 11 accounting professionals for a total of 71, and moved up from No. 13 to No. 10. Miller Kaplan specializes in taxes and personal and corporate accounting. * Grobstein Horwath & Co. of Sherman Oaks, which added 14 accounting professionals for a total of 68, and moved up from No. 14 to No. 12. * Los Angeles-based Roth Bookstein & Zaslow, which added 11 accounting professionals for a total of 42, and moved up from No. 31 to No. 24. Roth Bookstein specializes in taxes, mergers and acquisitions, personal and corporate accounting and audits. Its clients include real estate and construction firms, law firms This list of the world's largest law firms by revenue is taken from The Lawyer and The American Lawyer and is ordered by 2006 revenue:[1]
|
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion