Transition, staff shortages remain issues.
By August Aquila
Rosenberg MAP Survey
First, while the merger frenzy continued in 2016, firms were becoming more selective in the type of firms they were acquiring. Over the last several years, firms were acquiring for the sake of more volume.
MORE FROM THE MAP SURVEY: Extending Retirement Turns off Future Leaders | Firms Struggle to Retain Clients, Key Players | Staffing and Succession Still Rocking Firms | Will Staffing Challenges Change the Definition of Partner?
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2016 was different. Firms didn’t want to just add more volume, they were looking for specific niches that would strengthen their existing practices. Also, it became more evident that firms were struggling with the fact that they had acquired a lot of problems.
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