Tuesday, June 7, 2011

Rachlin to merge with N.Y. firm - South Florida Business Journal:

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Newsletter Inside Public Accounting rankedMarcum & Kliegmanh the nation's 23rd-largest accounting firm for 2008, with net revenu e of $123.26 million. It had a 28 percent growt rate. Miami-based Rachlin ranked 81st, with $36 million in net revenu e and a 3 percent growth After the June1 merger, the combined firm will be knownb as Marcum in the Northeast, and Rachlin will change its name to MarcumRachlin, a division of Marcujm LLP. The combined firm would have rankeed 20th on the Inside Public Accounting list basedon $159 milliojn in net revenue. The combined firm will have more than 800 including84 partners, in 10 locations in New York, New Connecticut, Florida and Grand Cayman.
In the South Florid Business Journal 's 2009 Book of Lists, Rachlin listed 208 stafr members, 26 partners, 61 CPAs and four offices. A news releasd said the firms’ various strengths will be Marcum & Kliegman is known for handling SEC registrants, offering alternative investment partnerships and providing familh office services, the news release said. Rachlin is known for work in the bankruptcy, receivership, public and not-for-profit sectors. “Thise is a tremendous benefit for our bringing together our shared commitment to the highest level of personal service and a deptnh of talent that is unique in the saidJeffrey M.
Weiner, managing partner of Marcumm and chairman/CEO of the Marcum Group, in a news release. Weiner’se biography says he joined the firm in 1981 and becamed managing partner in 1990 when it had only 20 employee andone office. The biography on Marcus Kliegman's Web site, www.mkllp.com, said he is an expergt on personal business management for the entertainment industry and was an executiver producer of thefilms "The Bournre Supremacy" and "The Bourne Ultimatum," starring Matt Damon. He also was an executivew producefor "The Chancellor Manuscript," a movies starring Leonardo DiCaprio that'w expected to be released in 2011.
Rachlinh Managing Partner Lawrence Blum, who will be managing partnet of MarcumRachlin, said: “Combining forces only enhances what wecan do." Blum also is chairmamn of , a position he assumexd after former Chairman Alfred Camner, who has the largesf ownership stake, stepped down amid growing losses on optionh adjustable-rate mortgage loans. The reportedly closed bidding for the bank earlierthis week. MarcumRachlinh will continue to offer nontraditional services including staffing andexecutives placement, as well as marketing and graphicc design, the news release said. The firm also will continus to support the local community through itscharitables foundation.
The Marcum Group also includes M&K Rosenfarg LLC, M&K InterNetworking Security Services LLC, M&K Executive Search LLC, M&K Financial Services LLC and M&K Investmengt Advisors LLC.

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