Friedman LLP plans to combine with Bagell, Josephs, Levine & Co., as of Jan. 1, building the New York-based firms presence in New Jersey.
The combined firm will have a staff of approximately 325, including 46 partners. The addition of a fourth location in Marlton, N.J., and integration of audit, accounting and tax services allows the firm to increase its client base and provide a broader range of services to a larger client population. Friedman already has offices in New York City; Uniondale, N.Y.; and East Hanover, N.J.
The firms complement each others practice areas. BJL & Co., in addition to its individual and corporate practice, has a significant number of publicly held clients, an area that Friedman has been building for the past several years. In addition, Friedmans independent member firm status in the DFK International association of accounting firms will be beneficial to BJL, which recently opened an office in Beijing.
The combination of our firms will give us all an opportunity to service a broader geographic area, said Friedman managing partner Bruce Madnick in a statement. The firm ranked 45th on Accounting Todays 2009 list of the Top 100 Firms, with $59 million in revenue.
With the merger, Friedman will also gain a strategic alliance with Holmes & Company, LLC, an independently owned and operated company that specializes in working with government entities and projects set aside for minority-owned businesses. Holmes & Company, LLC will maintain its own clients and billing structure.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access