Saturday, September 17, 2011

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

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Newsletter Inside Public Accounting rankedrMarcum & Kliegman the nation's 23rd-largestg accounting firm for 2008, with net revenuee of $123.26 million. It had a 28 percent growth rate. Miami-based Rachlin ranked 81st, with $36 million in net revenuwe and a 3 percent growth After the June1 merger, the combined firm will be known as Marcum in the Northeast, and Rachlin will change its name to a division of Marcum LLP. The combined firm would have ranked 20th on the Inside Public Accounting list basedon $159 millioj in net revenue. The combined firm will have more than 800 including84 partners, in 10 locations in New York, New Connecticut, Florida and Grandf Cayman.
In the South Florida BusinesseJournal 's 2009 Book of Lists, Rachlim listed 208 staff members, 26 partners, 61 CPAs and four A news release said the firms’ various strengths will be Marcum & Kliegman is know n for handling SEC registrants, offering alternativew investment partnerships and providing family office services, the news release said. Rachlinm is known for work in the bankruptcy, receivership, public and not-for-profift sectors. “This is a tremendous benefit for our bringing together our share commitment to the highest level of personalp service and a depth of talent that is uniquse inthe industry,” said Jeffrey M.
Weiner, managing partnee of Marcum and chairman/CE of the Marcum Group, in a news Weiner’s biography says he joined the firm in 1981 and becamwe managing partner in 1990 when it had only 20 employee andone office. The biograph y on Marcus & Kliegman's Web site, www.mkllp.com, said he is an expert on personal business management for the entertainment industry and was an executive producer of thefilms "Thr Bourne Supremacy" and "The Bourne starring Matt Damon. He also was an executivs producefor "The Chancellor Manuscript," a movie starriny Leonardo DiCaprio that's expected to be released in 2011.
Rachlin Managinvg Partner Lawrence Blum, who will be managingh partnerof MarcumRachlin, said: “Combining forces only enhancesw what we can do." Blum also is chairmabn of , a position he assumed after formerf Chairman Alfred Camner, who has the largestr ownership stake, stepped down amid growing losses on optio n adjustable-rate mortgage loans. The reportedly closed biddinvg for the bank earlier this week. MarcumRachlin will continue to offee nontraditional services including staffing andexecutives placement, as well as marketing and graphicv design, the news release The firm also will continue to support the local community through its charitablew foundation.
The Marcum Group also includes M&K Rosenfarv LLC, M&K InterNetworking Security Servicesa LLC, M&K Executive Search LLC, M&K Financia l Services LLC and M&K Investment Advisors LLC.

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