The managing partner of Louisville's largest CPA firm said, "We don't think size matters that much after you get to a certain threshold," Business First reports. This was in response to an announcement that two other CPA firms in Louisville are merging. This merger would create a "regional powerhouse" and knock the number one firm off it's top position. Business First Book of Lists ranks CPA firm by the total number of members who have the CPA designation.
The article went on to state the the Louisville CPA landscape is changing. The Big Four have lost influence and regional firms are becoming bigger players. As the Big Four have given up smaller, local clients to focus on public companies with all-consuming Sarbanes-Oxley requirements, regional firms are picking up this work. However, Louisvile CPA firms are now competing with out-of-town regional firms. The partners of this most recent merger feel it is necessary for Louisville CPA firms to merge to compete with these regional firms.
Read the article here. I have worked for both a Big Four (Big Six at the time) and a regional CPA firm. I am very interested in how this will play out.