The Best of the Best Accounting Firms
Source: Inside Public Accounting
Each year IPA honors 25 accounting firms with the best management practices and results. In 2006 each of these firms had revenues in excess of $5,000,000 and total professionals of more than 48, with three exceptions:
| Malone & Bailey | Houston | $3,300,000 | 13 |
| Miller Grossbard & Assoc. | Houston | 3,483,299 | 18 |
| T.R. Moore & Co. | Houston | 4,088,000 | 22 |
What is it about Houston?
At the best of the best:
- Net income per equity partner was $950,000 – nearly two times the average of all participating firms.
- Average net fees per charge hour were $173.97, partner billing rates averaged $327 per hour, and realization was 89.5 percent.
- Twenty percent (compared to 7.7 percent of all participating firms) terminated partners.
- They invest $2,315 per person in training, compared to $1,936 for all participating firms.
From Inside Public Accounting, October 2006, pp. 1 and 7. Hudson Sawyer Professional Services Marketing Inc. www.hudsonsawyer.com. Subscription $369 per year; back issues—nonsubscribers $40. 404-264-9977. [email protected].