Marks Paneth opens new office in Philadelphia
Accounting and consulting firm Marks Paneth has opened its ninth office, launching a location in the heart of Center City Philadelphia. The firm’s suburban location in Jenkintown, Pennsylvania will remain operational.
The office in Philly’s central business district is part of Marks Paneth’s strategy to increase its presence in the Mid-Atlantic. The firm currently has approximately 650 employees across offices in New York, New Jersey, Pennsylvania, and Washington, DC, and is the eighth-largest accounting firm in the Mid-Atlantic region, according to Accounting Today.
The new office at One Commerce Square, 3005 Market Street, brings the firm closer to the Philadelphia business community and the company’s clientele. A number of partners and staff will relocate from the Jenkinstown location (10 miles north of Philadelphia), though the suburban outpost will remain operational.
“Being in the heart of this thriving business community allows us to be considerably more accessible and helpful to our clients and business partners in Philadelphia,” John Mitchell, partner-in-charge of the Pennsylvania offices of Marks Paneth, said. “We are looking forward to multiplying these relationships and bringing Marks Paneth’s unique client-centric approach to an even greater number of businesses and individuals who operate, work, and live in this great city.”
In addition to audit, accounting, and tax, the firm offers business advisory services, litigation support, and financial advisory. The company serves a wide range of industry clients, as well as individuals and family businesses.
“As we look strategically at the future of our firm, Philadelphia is an obvious choice for continued growth,” said Harry Moehringer, managing partner, Marks Paneth. “Our established group of professionals in this market and their deep relationships within the business community will only increase and result in a more meaningful impact on our Philadelphia-based clients, their businesses and their financial futures.”
Last year, the company launched a new brand positioning and campaign (“Success is Personal”), focusing on client relationships and a dedication to helping unique clients reach unique goals.
Related: BDO USA acquired Philadelphia-area firm AC Lordi
