CohnReznick Company Profile

Background

CohnReznick LLP is a leading advisory, assurance, and tax firm headquartered in New York City. Established in 1919, the firm has grown to become one of the largest in the United States, with approximately 4,600 employees across 29 offices nationwide. CohnReznick's mission is to help organizations achieve their vision by optimizing performance, maximizing value, and managing risk. The firm serves a diverse clientele, ranging from growth-oriented middle-market companies to some of the world's largest enterprises, across various industry sectors.

Key Strategic Focus

CohnReznick's strategic focus encompasses a comprehensive suite of services designed to address the multifaceted needs of its clients. The firm's core objectives include delivering innovative solutions in advisory, assurance, and tax services. Specializing in industries such as real estate, construction, financial services, government contracting, healthcare, hospitality, life sciences, manufacturing, and technology, CohnReznick leverages advanced technologies and data analytics to drive efficiencies and competitive advantage for its clients.

Financials and Funding

As a privately held firm, CohnReznick does not publicly disclose detailed financial information. However, the firm's substantial growth and expansion, including the 2012 merger between J.H. Cohn and Reznick Group, which positioned it as the 11th largest accounting firm in the U.S. at that time, indicate a strong financial foundation.

Technological Platform and Innovation

CohnReznick distinguishes itself through its commitment to innovation and the integration of advanced technologies into its service offerings. The firm has been recognized for its innovative approaches in specialty finance, being named to ABF Journal's Most Innovative Companies in Specialty Finance list for two consecutive years. This recognition underscores CohnReznick's dedication to leveraging technology-focused solutions in areas such as performance improvement, turnaround management, operational restructuring, organizational redesign, and process re-engineering.

Leadership Team

CohnReznick's leadership team comprises experienced professionals dedicated to guiding the firm's strategic direction and fostering a culture of excellence. Key executives include:

David Kessler: Chief Executive Officer

Claudine Cohen: Managing Principal, Value360 Practice

Kristen Soles: Managing Partner, Global Consulting Solutions and Government Contracting Industry Leader

Kimberly Kilkenney: Chief People Officer

Scott Damiecki: Partner, Construction Industry Practice Leader

William Pidgeon: Partner, Financial Services Industry Leader

These leaders bring a wealth of experience and expertise, contributing significantly to the firm's growth and success.

Competitor Profile

Market Insights and Dynamics

The professional services industry, encompassing advisory, assurance, and tax services, is highly competitive and characterized by rapid technological advancements and evolving client needs. Firms in this sector must continuously innovate and adapt to maintain a competitive edge.

Competitor Analysis

CohnReznick operates in a competitive landscape alongside several prominent firms, including:

Accenture: A global professional services company offering a broad range of services in strategy, consulting, digital, technology, and operations.

Baker Tilly: A leading advisory, tax, and assurance firm known for its industry-leading client satisfaction and differentiated product mastery.

Deloitte Consulting: Part of the Big Four, providing audit, consulting, tax, and advisory services to a wide range of industries.

Cognizant: A multinational corporation specializing in IT services and consulting.

PricewaterhouseCoopers (PwC): Another Big Four firm offering assurance, tax, and consulting services.

These competitors offer similar services and are recognized for their expertise and global reach.

Strategic Collaborations and Partnerships

CohnReznick enhances its global capabilities through strategic collaborations and partnerships. Notably, the firm is an independent member of Nexia International, a leading global network of independent accounting and consulting firms. This membership extends CohnReznick's reach to more than 128 countries, enabling the firm to support clients with localized expertise across the globe.

Operational Insights

CohnReznick's strategic considerations in relation to major competitors focus on leveraging its unique strengths, such as its commitment to innovation, industry specialization, and a strong emphasis on diversity and inclusion. The firm's recognition as a top consulting firm and its consistent ranking among the top 10 in various categories reflect its distinct competitive advantages.

Strategic Opportunities and Future Directions

Looking ahead, CohnReznick aims to continue its growth trajectory by expanding its service offerings, investing in emerging technologies, and strengthening its global presence. The firm's focus on innovation, coupled with its commitment to delivering exceptional client service, positions it well to capitalize on future opportunities and navigate the evolving professional services landscape.

Contact Information

For more information about CohnReznick and its services, please visit the official website.

CohnReznick maintains a strong presence on social media platforms, providing updates and insights: