Example - Strategic Review involving Succession

Strategic planning for a significant medium CA practice, including:

  • Optimal size and partner skillset
  • Succession timing for existing senior partners
  • Reallocation of roles to free up partners from compliance and administration
  • Full Strategic plan with milestones and action plan

Example - Valuation of Practice

We have been working on a range of valuations including:

  • Valuation of practices for potential mergers
  • Valuation checks for prospective buyers of both fee blocks and practices

Example - Buying into a practice for succession planning

We assisted an experienced manager to identify a suitable practice to move to with the aim of partnership in two years on a planned, pre-negotiated basis to meet succession of a senior partner.

Example - What do I do with my Practice - Strategic Review

We assisted a central sole practitioner who wanted to 'right-size' his practice. Worked to identify clients that were not core to his future business and facilitated the sale of a $70k fee block to another local accountant at a good market price, and provided documentation and communication support to both parties.

Example - Practice Relationships

Medium provincial CA practice were facing succession and growing pains. The Covisory team assisted with the planned retirement of senior partners, and to plan to find an appropriate succession strategy for the remaining senior partners over the next 2-5 years.

Example - Growing a practice

Central Auckland sole practitioner in need of a plan to grow their practice, stabilise and grow staff capacity and capability, all leading to a planned exit in 2-5 years at an optimised fee level and value.

Example - Managing litigation against the firm

Recently we have had several assignments where we have advised senior partners on how to manage litigation against the firm, and how to manage the politics of the consequences within the respective practices.

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