Danziger & Markhoff LLP: Company Profile

Background

Danziger & Markhoff LLP is a nationally recognized law and actuarial firm specializing in business and tax-oriented services. Established in 1960 by Joel Danziger and Harris Markhoff, the firm has built a reputation for assisting private companies, professionals, and high-net-worth individuals in resolving complex business and tax issues. With offices in White Plains and Melville, New York, Danziger & Markhoff offers a comprehensive suite of services, including tax planning, business succession strategies, retirement plan administration, and asset protection.

Key Strategic Focus

The firm's strategic focus centers on providing integrated solutions that combine legal and actuarial expertise to address clients' diverse needs. Key areas of specialization include:

Pension & Employee Benefits: Designing and administering retirement plans that align with clients' financial and business objectives.

Trusts & Estates: Offering estate planning and administration services to protect assets and ensure efficient wealth transfer.

Corporate Law: Providing guidance on business formation, mergers and acquisitions, and general corporate governance.

Healthcare Law & Professional Practices: Advising healthcare providers and professional practices on regulatory compliance and operational matters.

Tax Planning & Controversies: Developing strategies to minimize tax liabilities and representing clients in tax disputes.

Real Estate Law: Assisting with real estate transactions, including financing, leasing, and development projects.

The firm's unique integration of attorneys and actuaries under one roof enables the delivery of creative and effective solutions tailored to each client's specific needs.

Financials and Funding

Danziger & Markhoff LLP is a privately held firm and does not publicly disclose detailed financial information. However, available data indicates that the firm's annual revenue is approximately $3.5 million, with a staff of around 45 employees, resulting in a revenue per employee ratio of approximately $77,778.

Pipeline Development

As a service-oriented firm, Danziger & Markhoff does not have a product pipeline. Instead, the firm focuses on delivering tailored legal and actuarial services to meet the evolving needs of its clients.

Technological Platform and Innovation

Danziger & Markhoff leverages advanced technological platforms to enhance service delivery and operational efficiency. Notable technological initiatives include:

Actuarial Software: Utilizing sophisticated actuarial modeling tools to design and administer complex retirement plans.

Document Management Systems: Implementing secure digital platforms for efficient document storage, retrieval, and collaboration.

Client Portals: Providing clients with secure online access to their financial information and plan details.

These technological investments enable the firm to offer innovative solutions and maintain a high standard of service.

Leadership Team

Danziger & Markhoff's leadership comprises seasoned professionals with extensive experience in their respective fields:

Harris Markhoff: Managing Partner with a broad business and tax practice, including counseling individuals, professional corporations, and closely held businesses on corporate, tax, and estate planning issues.

Michael Markhoff: Partner specializing in estate planning and administration, representing professionals, executives, and small business owners.

Robert B. Danziger: Partner with over 25 years of experience representing closely held businesses, advising on business formation, joint ventures, and succession planning.

Jay Fenster: Partner focusing on employee benefits and executive compensation matters, with extensive experience in pension and qualified plans, including 401(k) plans and ESOPs.

Joshua S. Levine: Partner concentrating on corporate, securities, and health law, representing closely held businesses and professional corporations, primarily medical practices.

Competitor Profile

Market Insights and Dynamics

The legal and actuarial services market in the New York metropolitan area is highly competitive, with numerous firms offering specialized services. Danziger & Markhoff differentiates itself through its unique integration of legal and actuarial expertise, providing comprehensive solutions that address both legal and financial aspects of clients' needs.

Competitor Analysis

Key competitors in the region include:

Danziger, Danziger & Muro, LLP: Established in 1989, this firm specializes in general corporate law, art law, real estate law, hospitality law, intellectual property law, and employment law, with a focus on luxury brands and high-end restaurant groups.

Cuddy & Feder LLP: Specializes in real estate, corporate, and trust & estates law, offering services in land use, zoning, and environmental law.

Dewey Pegno & Kramarsky LLP: A litigation boutique focusing on complex commercial disputes, securities litigation, and white-collar criminal defense.

While these firms offer specialized services, Danziger & Markhoff's integrated approach combining legal and actuarial expertise provides a distinctive competitive advantage.

Strategic Collaborations and Partnerships

Danziger & Markhoff collaborates with various financial consultants, accountants, and insurance underwriters to deliver comprehensive solutions to clients. These partnerships enhance the firm's ability to address complex client needs and provide holistic services.

Operational Insights

The firm's strategic location in the New York metropolitan area positions it favorably to serve a diverse clientele, including private companies, professionals, and high-net-worth individuals. Its unique integration of legal and actuarial services allows for a holistic approach to client needs, setting it apart from competitors that may offer only one of these services.

Strategic Opportunities and Future Directions

Danziger & Markhoff is well-positioned to expand its services in emerging areas such as healthcare law and real estate law, leveraging its existing expertise to meet evolving client demands. The firm's commitment to integrating legal and actuarial services continues to be a key differentiator in the market.