Mergers & Acquisitions
Mergers of accounting firms are commonplace today. Barely a week goes by without a new one being announced. NewGate lawyers have led scores of domestic and international transactions; some valued at hundreds of millions of dollars, and have the expertise to assist in the acquisition, sale or merger of accounting firms or practices from letter of intent to closing.
Most accounting firms are partnerships governed by a partnership agreement addressing the relationship among the partners, as well as between the partners and the partnership. NewGate attorneys have designed, drafted, revised, interpreted and mediated accounting partnership agreements. And, they’ve been partners in accounting firm partnerships themselves.
Accounting firm services are usually provided under specialized terms and conditions. Clients often challenge the firm’s engagement terms or propose their own. Based on years of experience, NewGate attorneys know what terms are essential and which ones aren’t. They can help clients quickly negotiate acceptable arrangement letters and start working.
Today, many accounting firms are making some pretty bold strategic moves. Rebranding, sponsorships, social media, joint ventures, relationships with other professional firms and network memberships. NewGate attorneys are well versed in structuring and executing strategic activities, including resolving regulatory and liability issues.
Professional employees are a firm’s most important asset. From enforcing restrictive covenants and defending wage and hour complaints by accounting professional to assisting clients with employee retention plans, employee compliance training, internship programs and personnel policy development, NewGate attorneys have deep expertise in accounting firm employment matters.
Growing firms are always looking to expand their business.Whether it’s establishing new service lines, like investment advising and business process outsourcing, or establishing a presence outside the US, NewGate attorneys have broad experience beyond the traditional audit, tax and consulting practices. International? We’ve led acquisitions and the formation of foreign firms, as well as created international networks.