SOX, Middle-Market Growth Fuel J.H. Cohn Revenues

Citing growth in services provided to middle-market clients and expansion of its corporate governance practice as a result of Sarbanes-Oxley demands, super-regional firm J.H. Cohn posted a 21 percent rise in year-end revenues, to $125 million, for the period ended Jan. 31, 2005. The firms said that, over the year, it has added more than 75 professionals in its corporate governance services unit, added a personal client services group for high-net-worth individuals, and merged with the Great Neck, N.Y.-based firm of Levine, Levine and Meyrowitz. J.H. Cohn chief executive Tom Marino said that the firm is positioning itself to capitalize on the current trend of client "unbundling," where, due to SOX and the tougher regulatory climate, clients are looking to secure accounting tax and consulting services from "multiple CPA firms." J.H. Cohn has roughly 100 partners and 700 total employees.