Being able to secure financing is critical to any business, whether it is a start-up seeking venture capital or a mid-sized firm that needs more cash to grow.
In December the Manhattan-based partnership, considered a mid-sized firm, announced that it had taken in the real estate firm Stadtmauer & Bailkin, with 23 lawyers.
Don Altemeyer, the firm's fourth original principal, became president of the corporation in 1987 and spearheaded the transition from a mid-sized firm to a large one.
Since 1986, the company has ranked the country's most successful companies and small and mid-sized firms by financial performance.
"Much of that growth is attributed to the small and mid-sized firms," said Marcel Portman, the group's vice president for global development.
Many small to mid-sized firms have both a tax and an auditing department.
The cuts come when several mid-sized firms are struggling under unusual competitive pressures.
There may be some confusion as legal publications may refer to any small- or mid-sized firm as a boutique, though generally less than 100 attorneys would count.
CFA was founded in 1956 to provide M&A services to mid-sized private and public firms often referred to as middle-market companies.
Small and mid-sized firms, as well as busy professionals, can outsource their work to increase their productivity and free time for more important commitments.