Websites using Cohnreznick

Okay, let s break down CohnReznick, covering its overview, revenue, alternatives, pricing (as much as possible), and customer care.

Overview of CohnReznick

• What They Are: CohnReznick LLP is a leading advisory, assurance, and tax firm serving a wide range of industries. They are one of the largest accounting firms in the United States, offering services to both public and private companies.
• Key Services:
  • Assurance: Audits, reviews, compilations, internal controls.
  • Tax: Compliance, planning, international tax, state and local tax (SALT), transfer pricing.
  • Advisory: Transaction advisory (M&A due diligence), valuation, restructuring and turnaround, cybersecurity, risk management, government consulting, real estate advisory.
• Industry Focus: While they serve many industries, CohnReznick is particularly well-known for its expertise in:
  • Real Estate
  • Construction
  • Renewable Energy
  • Technology
  • Life Sciences
  • Financial Services
  • Government
• Geographic Reach: Primarily US-focused with offices across the country. They also have international capabilities through their membership in Nexia International, a global network of independent accounting and consulting firms.
• Target Clients: CohnReznick serves a diverse client base, from emerging growth companies to large, established organizations. They work with both privately held and publicly traded companies.

Revenue

• General Information: Accounting firms, especially large partnerships like CohnReznick, often don t publicly disclose exact revenue figures.
• Estimated Revenue: Revenue is estimated to be around $838 million in 2023.

Alternatives to CohnReznick

The best alternative depends on the specific service you need, the size of your company, and your budget. Here s a breakdown of potential alternatives:

• Big Four Accounting Firms:
  • Deloitte
  • Ernst & Young (EY)
  • KPMG
  • PricewaterhouseCoopers (PwC)
  • Pros: Global reach, extensive resources, deep expertise in many areas, prestige.
  • Cons: Generally more expensive, can be bureaucratic, may not be the best fit for smaller businesses.
• Other Large National/Regional Accounting Firms:
  • Grant Thornton
  • BDO
  • RSM
  • Moss Adams
  • Plante Moran
  • Baker Tilly
  • Pros: Still offer a wide range of services, often more affordable than the Big Four, may be more responsive to smaller clients.
  • Cons: Smaller geographic reach than the Big Four, may not have the same level of specialized expertise in all areas.
• Smaller, Local/Regional Accounting Firms:
  • Numerous options exist depending on your location.
  • Pros: More personalized service, often lower fees, strong local knowledge.
  • Cons: Limited resources, may not have expertise in highly specialized areas (e.g., international tax, complex M&A).
• Boutique Consulting Firms:
  • Focus on specific areas like valuation, cybersecurity, or restructuring.
  • Pros: Deep expertise in their niche, often very responsive.
  • Cons: Limited scope of services beyond their specialty, can be expensive.
• Freelance Accountants/Consultants:
  • Suitable for very small businesses or specific, short-term projects.
  • Pros: Most affordable option, highly flexible.
  • Cons: Limited resources, may not have the same level of expertise or reliability as a firm.

Pricing

• General Information: Accounting and consulting fees are highly variable. There is no fixed price list. Pricing depends on:
  • Scope of Work: The complexity and time required for the engagement.
  • Industry: Some industries require specialized knowledge, which can increase fees.
  • Company Size: Larger companies typically pay higher fees.
  • Experience Level of Staff: Engagements led by partners or senior managers will be more expensive.
  • Engagement Type: Audits are generally more expensive than tax preparation.
• Pricing Models:
  • Hourly Rates: Common for consulting projects. Rates can range from $100/hour for junior staff to $500+/hour for partners.
  • Fixed Fees: Often used for tax preparation or audits of smaller companies.
  • Value-Based Pricing: Less common, but some firms may offer pricing based on the value they deliver to the client.
• How to Get a Quote: The best way to get an idea of pricing is to:
  1. Define Your Needs: Clearly outline the services you require.
  2. Contact CohnReznick (or Alternatives): Request a proposal or quote. Be prepared to provide details about your business and the scope of work.
  3. Compare Proposals: Evaluate not only the price but also the firm s experience, expertise, and approach.

Customer Care

• General Reputation: CohnReznick generally has a good reputation for client service. However, experiences can vary depending on the specific team and engagement.
• Key Aspects of Customer Care:
  • Responsiveness: Prompt responses to inquiries and requests.
  • Communication: Clear and proactive communication throughout the engagement.
  • Industry Knowledge: Understanding of the client s industry and business.
  • Problem-Solving: Ability to identify and resolve issues effectively.
  • Personalized Service: Tailoring services to meet the client s specific needs.
• How to Assess Customer Care:
  • Ask for References: Talk to current or former clients.
  • Review Online Reviews: Check sites like Glassdoor (for employee reviews, which can sometimes reflect on company culture and client service) and other industry-specific review platforms. Take reviews with a grain of salt, as they can be biased.
  • Evaluate Communication During the Sales Process: How responsive and helpful are they during the initial discussions? This can be an indicator of their ongoing customer service.
• If you have an issue: Escalate to the engagement partner or a senior manager at the firm.

In summary, CohnReznick is a well-established accounting and advisory firm with a strong presence in key industries like real estate and renewable energy. While exact pricing is difficult to determine without a specific engagement in mind, it s important to get quotes from multiple firms to compare services and pricing. Assess their customer care approach through references and online reviews. Remember to consider whether a smaller firm may be a better fit depending on the complexity of your needs.