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Mergers and Acquisitions – due diligence and the risk management process

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There has been a spate of firm consolidations in the past few years and the pace is unlikely to slow down. Retirements, business expansion, consolidation of practice areas or acquisition of a new specialty drive the reasons to merge firms together. Due diligence is essential in the evaluation of the firm.  Identifying issues before a […]

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Professional Liability Coverage Options for Effective Mergers

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by Rickard Jorgensen, FCII, ACIArb., ARM Some of the following coverage options may not be available to all insured firms, and the final decision on how the merger will be covered is left to the insurer concerned. Scenario 1 One policy: new policy for Firm AB providing Prior Acts coverage for Firm A and Firm B […]

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Mergers and Acquisitions: Malpractice Risk Management

Due diligence is an essential part of the mergers and acquisitions evaluation process. It goes without saying that the partners of the acquiring firm have strong financial analytical skills but there are additional factors to be taken into consideration. Recognizing these elements during the due diligence process will reduce the risk of a malpractice claim […]

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A Retrospective:

It’s been over a year and a half since we started posting blogs. I thought it would be helpful if this month we posted a list of the topics to allow our members to look at some of our past blogs. 10 “Get Out of Court Free” Cards – Segregation of risk in an accounting […]

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Risk & Insurance Implications Of Mergers & Acquisitions

This article was originally published in 2011 but given the increase in M&A activity for CPA firms it seems a repost is appropriate. In the past few years we have received many requests from clients for advice on the insurance and risk management features of a merger with, or acquisition of, another firm. Most of these […]

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Successor Liability from the Purchase of an Accounting firm Assets: Do you also Acquire the Professional Liability Exposure?

After years of struggle, many accountants choose to sell the assets of their practice, while other, more adventurous souls choose to purchase the accountant’s business. Each side of the transaction typically believes that it knows what it has sold and what it has bought: The seller assumes that he may move on to other endeavors, […]

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