Page 37 - BusinessWest May 13, 2024
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In Law and Accounting, It’s a Different World
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When Rudy D’Agostino entered the account- ing profession back in 1985, there was what they called the ‘Big 8.’
These were the very large firms that dominated the indus- try at the time — Arthur Ander- son, Arthur Young, Coopers & Lybrand, Deloitte Haskins and Sells, Ernst & Whinney, Peat Marwick Mitchell, Price Water- house, and Touche Ross.
“We’ve seen substantial consolida- tion in the banking environments. We have larger and larger and fewer and fewer banks, and the same con- solidation across the service industries.”
general, a challenge for firms of all sizes.
These are just some of the many changes that have
come to the sector, and professional services in gen- eral, said D’Agostino and many others we spoke with, who highlighted everything from the way people work to the way people dress to the way firms market them- selves — something they couldn’t do in the legal pro- fession, other than the phone book, until 1977. And in
   “Everyone wanted to work for
the Big 8 firms, and there was
enormous competition for those jobs,” said D’Agostino, a partner with Holyoke-based Meyers Brothers Kalicka, who got his start at Coopers & Lybrand.
After a series of acquisitions, the Big 8 is now the Big 4 (Deloitte, Ernst & Young, Klynveld Peat Mar- wick Goerdeler, and PricewaterhouseCoopers), fewer accounting graduates want to work for those giants, and ... well, there are fewer accounting graduates in
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