Tag: Mergers

Future Associate Wants to Know What to Expect From His Firm (That We Can’t Say, Definitively, Is CliftonLarsonAllen) That Is Merging

Ed. note: Are you in the throes of holiday cheer but deep in the belly of career jeer? Email us at advice@goingconcern.com, we’ll lend you an ear.

Hey GC,

I’ll try to keep this short and to the point.

I’ll be starting my career soon with a firm that will be merging with another. Should I be wary of anything that could change on my end?

Thanks!

The first question to cross my mind was “what firms are merging?” Caleb suggested that our contributor could be from CliftonLarsonAllen, covered on Going Concern last month. Poor Gunderson. But yes, mergers (MERGERS!) can be fun/daunting/HR headaches/swag gold mines. Below are a few things to expect.


Client Coddling: Priority #1 in any merger is for the partners to assure their clients’ confidence in the new, stronger firm. Employee cross-over from one firm to the other’s engagements can be expected on the lower levels, but expect partners to remain active on their respective clients.

Crash Courses in Firm Lingo: Here come the HR tutorials. Acronyms – the lifeblood to any public accounting firm – will have to be efficiently combined. More so, understanding what “the other guys” do is very important from a sales perspective. Understanding the merger’s strengths will not only be beneficial in making current employees confident and comfortable with the merger, but they will be prepared to answer the inevitable client question of, “why did you merge with THEM?”

IT/HR headaches: “Who do I call for computer questions?” “Who is my HR contact?” “Are we UPS or FedEx now?” “How do we submit T&E?” There are bound to be efficiencies in the day-to-day operations of the newly merged. But, inefficiencies in the short term will hopefully lead to long-term improvements.

SWAG: Let’s end this dance on a good note. HR should be ordering up all kinds of stylish pens, travel sized 10 keys, and XXL hoodless sweatshirts. Most of the goodies will be slated to hit cover the desks of clients to keep them in the loop of Gunderson’s departure from the picture. However, look out for your office’s HR professional at the holiday party (i.e. – get them wasted) and see if they’ll hook you up with some of the leftovers.

ISA Consulting Takes Up with Ernst & Young

The firm that wouldn’t be named adds the Philadelphia-based company to the advisory business.

“The acquisition of ISA Consulting is part of a broader strategy to expand Ernst & Young’s already strong presence in the performance management and analytics market,” said Bob Patton, Americas Advisory Services Leader, Ernst & Young LLP. “ISA Consulting’s reputation for quality service and integrity, as well as the experience of their team, makes them a great cultural fit with Ernst & Young.” Just don’t get mixed up with those auditors. [PRN]