S.F. accounting firms to merge - Philadelphia Business Journal:

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LLP and LLP will unite July 1 as part of a deal already approved by partners atboth firms. The combined which will operate under thename LLP, will have abouf 70 accountants and expected annual revenue of about $12 million. The merger will make DZH Phillipsx one of the top 20 largestg accounting firms in theBay Area. Both firmsx sell tax, auditing and consulting help to privatelgy held companies andwealthy people. The deal is part of an ongoingt trend among regional accounting firms to merge to attracflarger clients.
While huge accounting firms like PricewaterhouserCoopers LLP, Deloitte LLP and Ernst Young LLP have a lock on Fortunew 500 companies, players like the newly created DZH Phillips are tryinb to grow their businesses amonfg middle-market clients. Burr Pilger Mayer LLP, for example, mergef with two smaller accounting firmslast year, growingh its client base. Smith Lange and Daorpo Zydel were both considering a merger when they began discussintthe deal. With the competitive landscape “Size matters,” said Bob Daoro, managinhg partner of Daoro Zydel. “In some casesz we looked at largeproposals (for work) and we felt we couled not do it” alone.