Excerpt from Crain's New York Business- September 26, 2016
Crain's top 20 accounting firms enjoyed substantial growth last year. The firms collectively topped $31 billion in revenue--2.9% greater than in 2014--and their total professional employment rose by 17.7% to nearly 45,000 positions.
Real estate has been a catalyst...
New York deals are always notable for their magnitude. According to the most recent report from CBRE, commercial real estate is selling for $137 per square foot in midtown, a high for the United States. The hefty costs put heightened pressure on accounting firms to meet deadlines and find avenues for saving money.
"Everything becomes so much more important because of size, and New York has huge transactions, from a dollar perspective," said Fred Berk, co-chair of the real estate group at Friedman (No. 19). "If you don't do the proper planning, it can cost significant dollars."