The Great Spin-off: How Firms Can Prepare for Advisory Spin-offs

The Great Spinoff

With the news that both Ernst & Young and Deloitte are actively exploring spinning off their advisory businesses, the accounting industry stands on the edge of a seismic shake-up. In many ways, this marks a repeat of the past: from Arthur Andersen spinning off Accenture to Ernst & Young selling their consulting unit to Capgemini.…

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Addressing Conflict as a Managing Partner

How to handle difficult conversations and know when to get involved. Addressing conflict as a managing partner and leading difficult discussions with partners are some of the most stressful, complicated, and dreaded for any managing partner. But they are necessary. Growth in leadership means doing the hard work, including addressing partner conflict and other issues…

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How Do You Train a Remote or Hybrid Workforce?

This is a question on many of our minds. As we face the reality of long-term remote and hybrid work arrangements, the facts are clear: Accounting firms will need to find practical ways to connect with and train both on-site and off-site employees. This includes employees at all levels of an organization, and at every…

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Why Invest in Health and Wellness at Your Firm?

I remember one particular day during my 38 year tenure at my firm with great clarity. I drove into the parking lot and had an epiphany. Seeing all of the cars in the lot at that one office, it dawned on me that, as the firm managing partner, I was responsible for the people who…

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Leadership Training: the Problem isn’t “What,” it’s “Who”

Firms are making efforts to invest in leadership training programs which inevitably experience a low ROI. After the first few attempts, results-oriented leaders invariably give up, writing off the experience as a failed experiment. Sometimes, it is. But as someone who has dedicated the latter part of my career to leadership development, I would offer…

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Strategic Planning: How to Pass the Baton With Greater Success

Building and executing a long-term strategic plan is the cornerstone of success for every firm. And yet, managing partners often fail to set aside the time to do exactly that. The time partners spend working in the business simply doesn’t leave enough time to work on the business. This is an error that will catch…

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