Post GFC the accounting industry has enjoyed continual, robust revenue growth. The consistent demand for accounting services due to increasingly complicated regulation and key changes in legislation has helped contribute to this. Whilst there is growth, Macpherson Kelley understands the accounting industry is facing a rapidly changing landscape.
Some large accounting firms are moving back into the legal space, while others are re-entering the SME market often via a separate private client firm. Outsourcing has also become more common over the last few years; facilitated and accelerated by changes in technology.
The outsourcing of lower level, high volume work has brought about changes in the consulting versus compliance mix of accounting practices which, in turn, has created some uncertainty for accounting graduates and inevitably impacted organic growth within accounting firms.
Macpherson Kelley’s dedicated and passionate Professional Services industry group are here to help your clients and your firm address these issues.
Financial Services Firm - Sale of equity
Acting for the founders of a significant insurance broking business in the sale of their equity to Arthur J. Gallagher (an international insurance brokerage and risk management group).
Family businesses - Succession planning
Implementing a comprehensive succession plan for a large privately owned family business in the transition of its business to the third generation.
Professional services firm - Restructure
In the restructure of its state based subsidiaries into a national company.
Property developer – Formalising estate planning and binding financial agreements
Acted in regard to a client of an accounting firm who is in business with his son and who had recently remarried. Assisted by formalising an estate plan and binding financial agreements for he and his wife to create clarity and certainty around the blended family situation.
Areas of expertise
What our clients say about us
“We have been working with Macpherson Kelley for over 7 years. We have referred them to our client base on matters ranging from breach of trademark, business acquisition and general commercial. It’s refreshing to have lawyers who you feel entirely comfortable making referrals to in the knowledge that they will be looked after.”
John Knight, Managing Director – businessDEPOT
“Many thanks for your help. I will continue to refer my clients to you where they do not have an existing estate solicitor, or are not happy with their current solicitor.”
Greg Middleton, Wealth Adviser – Centric Wealth Advisers