Marks Paneth & Shron LLP Ranked As One Of The Top 20 U.S. Accounting Firms In Terms Of Prestige AndOctober 25, 2011
New York, NY - (October 25, 2011) - Marks Paneth LLP ranked number 19 in the Vault Accounting 50 for 2012, Vault.com's annual survey of the top 75 accounting firms in the U.S. based on their Accounting Today rankings. This rating reflects both the market's recognition of the firm's increased prestige within the industry and staff satisfaction. The survey measures overall prestige and quality of life variables for employees.
Variables that contributed to Marks Paneth's strong ranking include: prestige, diversity, compensation, culture, satisfaction, formal training, business outlook, transparency, selectivity and green initiatives.
"We are proud that Marks Paneth has been recognized for our culture which encourages cooperation, flexibility, mutual respect and fulfillment. Our colleagues strive to deliver excellent service and advice to our clients – and to interact with each other in a collaborative, collegial way," says Mark Levenfus, Managing Partner of Marks Paneth.
As part of Vault's annual survey of accounting firms conducted this past April through June, over 2,300 accounting professionals of all levels were asked to assess their peer accounting firms on a scale of 1 to 10 based on prestige. (They were unable to rate their own firm, and were asked to rate only firms with which they were familiar.) They were also asked to rank their own firm in various quality of life categories, including firm culture, overall satisfaction, compensation, hours and business outlook. A weighted formula was applied to the data culled from these ratings to determine the Vault Accounting 50 for 2012.
Vault.com is a recognized source of employer and university rankings, ratings and insights for use by credentialed, in-demand professional job candidates.
About Marks Paneth
Marks Paneth LLP is an accounting firm with nearly 475 people, of whom approximately 60 are partners and principals. The firm provides businesses with a full range of auditing, accounting, tax, consulting, bankruptcy and restructuring services as well as litigation and corporate financial advisory services to domestic and international clients. The firm also specializes in providing tax advisory and consulting for high-net-worth individuals and their families, as well as a wide range of services for international, real estate, media, entertainment, nonprofit, professional and financial services and energy clients. The firm has a strong track record supporting emerging growth companies, entrepreneurs, business owners and investors as they navigate the business life cycle.
The firm's subsidiary, Tailored Technologies, LLC, provides information technology consulting services. In addition, its membership in Morison International, a leading international association for independent business advisers, financial consulting and accounting firms, facilitates service delivery to clients throughout the United States and around the world. Marks Paneth LLP, whose origins date back to 1907, is the 30th largest firm in the nation and the 13th largest in the New York area. In addition, readers of the New York Law Journal rank Marks Paneth as one of the area's top forensic accounting firms.
Its headquarters are in Manhattan. Additional offices are in Westchester, Long Island and the Cayman Islands.