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Law Firms

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Law firms have been in the grip of a dramatically shifting marketplace for the last decade. Cost-conscious clients and the rise of outsourced or technology-driven legal work have impacted profitability and changed billing arrangements. The increasing specialization of firms by the industries they serve has increased economic cycle risk.  Consolidation continues as a response to change, yet history has shown that this brings its own challenges.

CohnReznick's Law Firms Practice gives more than 100 law firms the guidance they need to strategize through these challenges.  The services we provide include:

  •  Compensation: We can evaluate existing partner and employee compensation plans for sustainability and alignment with firm goals, and suggest improvements where necessary.
     
  • Tax planning: We help firms minimize their tax burden and defend their tax positions through proactive planning such as meals and entertainment studies and fixed asset analyses.
     
  • Industry benchmarking: Our broad base of industry knowledge allows us to benchmark clients against industry norms, identifying performance outliers and developing strategies for improvement.

  • Transaction strategy: For firms looking to grow through mergers, we can help identify potential partners, conduct necessary valuations and assist in due diligence and contract negotiations.
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Renewable Energy

Renewable Energy

Timothy F. Kemper, Renewable Energy Practice Leader, addresses the audience at a recent renewable energy industry conference.

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Working With Us

Working With Us

What makes CohnReznick different from others in our profession? And what should our clients come to expect when working with us? The answer is The CohnReznick Advantage. Contact us to learn how we can out the CohnReznick Advantage to work for your business.


People

The value of an organization is determined by the skills and qualities of its leaders. With more than 280 partners serving clients nationwide, CohnReznick is renowned for the diverse experiences, knowledge and backgrounds of its leadership.

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Services

We align our services in three segments: Accounting and Assurance, Tax, and Advisory. This approach allows us to provide holistic solutions to complex business problems and to seize upon opportunities requiring an integrated approach.

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Industries

Accounting and tax issues different significantly based on an organization's industry. We provide clients with expertise in nearly two dozen industries – we know the opportunities, the obstacles, the competitive landscape.

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Insights

CohnReznick professionals are thought leaders in their industries. Clients benefit from relevant and timely economic, legislative and industry insights that can keep them a step ahead of competition.

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Global Reach

Our involvement in the Nexia International network of firms enables us assist our clients wherever they do business-providing local expertise and connections wherever they needed. Nexia is comprised of 20,000 professionals operating in over 100 countries.

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