“This is truly a combination of equals and the management structure reflects that. Glenn and I work very well together both of our strengths and weaknesses balance each other.” says David Neste, Co-Managing Partner of Prager Metis.
NY, CA, NJ, London (PRWEB) April 01, 2013
As of January 1, 2013, accounting firms Prager and Fenton LLP and Metis Group LLC announced their “combination”. Glenn Friedman, Managing Partner of Metis Group LLC and David Neste, Managing Partner of Prager and Fenton LLP, create a dynamic duo serving as co-managing partners of the newly formed Prager Metis International LLC.
It is atypical for newly joined accounting firms to name co-managing partners. “This is truly a combination of equals and the management structure reflects that. Glenn and I work very well together both of our strengths and weaknesses balance each other,” says David Neste, Co-Managing Partner of Prager Metis.
The accounting industry's merger mania over the last few years among firms of all sizes have been fueled by firms' quest for growth. Equality is a key ingredient for success when companies come together. Prager Metis’ executive committee will have three people from each original firm. Staff and partners alike, will be surveyed about what the brand is today, what it should be, and where they want it to be in the next five years. “We want this firm to be democratic, with everyone’s voice heard,” says Glenn Friedman, Co-Managing Partner.
The co-managing partner structure isn't done often, primarily because of power struggles. But Friedman and Neste complement each other, “David is calm, Glenn is excitable, both targeting the same outlook for success but with a vast range of ideas on how to accomplish their goals. It's a good partnership. They balance each other out,” says Diane Walsh, Marketing Director of Prager Metis.
The newly combined $30 million firm offers an array of services through its four operating companies, including assurance, tax and consulting, entertainment based services, computer consulting and financial planning. Prager Metis proudly employs over140 staff members and 30 partners, and is one of the nation's fastest growing mid-sized accounting and advisory firms and were recently ranked #1 of Accounting Today’s Firms to Watch list. The combined firm has an expanded national and international presence with seven offices, including New York City, Los Angeles, and London, which is unlikely for a firm of its size.
About Prager Metis International LLC
Prager Metis International LLC is a mid-sized firm headquartered in New York City with additional locations in Los Angeles, California, London, England, Basking Ridge, NJ, Armonk, NY and Plainview, New York. Prager Metis International offers a full range of accounting, audit and consulting services and has a level of expertise and global presence that is unique.