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November 23, 2009

Large NY firm Eisner joins PKF

A top 10 New York firm has joined PKF
International after ending its affiliation with Baker Tilly
International. Eisner reported fee income of $135 million in its
most recent financial year and is the 23rd-largest firm in the
US.

The 45-year-old firm has 85 partners and 600
professionals and staff. It provides a full range of accounting,
auditing, tax and advisory services to more than 1,000 clients.

The firm is headquartered in New York City and
has offices on Long Island, New Jersey and the Cayman Islands.

“Eisner’s talented professionals provide
clients with the highest quality service and now, together with the
talents of professionals throughout the PKF network, we are
positioned to be the clear choice for growing companies seeking
true global excellence,” Eisner managing partner Charly Weinstein
said.

Weinstein said PKF International has strong
member firms in the countries where its major global clients
operate, which will allow the firm to better meet its needs.

He cited PKF’s firms in the UK, Germany and
Australia as examples.

Another motivating factor was the role Eisner
could play as PKF International’s leading New York firm.

“Eisner is a very important addition to the
PKF network in North America,” Weinstein added. “We think we are
going to be a foundation player in PKF, both internationally and
nationally, that’s really what supports this decision.

“This was a very difficult move for us, being
a founder member of Baker Tilly International, but something that
we think benefits the long term strategy of our firm.”

Although there has been some membership
fallout from Baker Tilly International’s decision to allow its
largest US member firm exclusive naming rights, Weinstein said this
factor did not play a role in its decision to leave.

Eisner joins the PKF North America association
of independent firms, which reported fee income of $598 million in
the year to 31 December 2008.

PKF North America president and chief
executive Terry Snyder said: “Having a balanced roster of the
strongest players in every key market, large and small, is in the
best interest of our growth-minded member firms and their clients
whose business interests increasingly call for cross-border
expertise and service.”

PKF International chairman Wolfgang Hofmann
commented that the addition of firms like Eisner underlines PKF’s
ambition to become a top ten global accountancy network.

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