One name, eight companies
Founded in Nashville in 1984, Lattimore Black Morgan & Cain
ranked No. 54 on Accounting Today's 2008 list of the largest U.S.
accounting firms by revenue. Its offerings include accounting
and assurance, risk, tax, planning, health care services, mergers
and acquisitions, valuation and litigation support. Lattimore
Black Morgan & Cain is a member of the Leading Edge Alliance,
an international network of more than 100 independent CPA firms in
50 countries worldwide.
Founded as an accounting company by Jim Lattimore, Charles
Black, David Morgan and Mike Cain, LBMC is now made up of eight
operating companies: Lattimore Black Morgan & Cain PC, LBMC
Technologies, LBMC Employment Partners, LBMC Strategic Staffing,
LBMC Investment Advisors, LBMC Healthcare Group, LBMC eHealth
Solutions and LBMC Planning Services. With approximately 400
employees and four offices in Tennessee, LBMC is one of the state's
fastest growing professional services companies. The firm
operates its CPA practices out of offices in Knoxville, Chattanooga
and Brentwood (also known as the Nashville location, since it's
just a few miles away).
Grand ole accounting
Lattimore Black Morgan & Cain's clients include individuals,
small businesses and Fortune 500 companies, covering a lengthy list
of industries. Some of the sectors the firm serves include
health care, manufacturing, distribution, automotive, wholesale,
not-for-profit organizations, industry associations, printing,
retail, trucking, construction, law firms, real estate, insurance,
engineering, architecture, services, utility districts and
restaurants. And as befits a firm with roots in Music City,
LBMC has expertise in the music production industry.
Morgan makes the list
In September 2008, LBMC's co-founder and managing partner, David
Morgan, was honored as one of the Top 100 Most Influential People
in accounting on Accounting Today's annual list. His
credentials include a term as chair of the Private Companies
Practice Section Executive Committee of the AICPA as well as the
chair of the Reliability Task Force of the AICPA. Morgan was
also formerly the president of the Tennessee Society of Certified
Public Accountants (TSCPA). The accomplishment that vaulted
him onto the list of "most influential" was the revision of CPA
standards which were made while serving on the Reliability Task
LBMC was honored with the Internal Technology Innovation award
by the Leading Edge Alliance in November 2008. The honor
recognized LBMC for its usage of the Microsoft tool SharePoint,
which was adapted into a feature that could help different teams
and departments throughout the LBMC family share information.
LMBC Technologies worked with the LMBC's internal technology
department to come up with the infrastructure that would best solve
the needs of every employee. The Internal Technology Innovation
award was given out at the Leading Edge Alliance's annual
conference in Boston, Mass.
Health Care Heroes
Bill Siren, an LBMC partner in the firm's healthcare consulting
division, was recognized with a title that few people can claim:
hero. Siren was named one of the Nashville Business Journal's
Health Care Heroes in its October 2008 list, which honors
organizations and individuals embodied in the word "hero."
The list was comprised of doctors, nurses, physical therapists,
employee benefit managers and community outreach workers who
"contribute to the enhancement of the value and quality of health
care and ultimately, give recognition to those deserving."
Siren was honored at a luncheon in September 2008 in the category
of Finance champion.
Winning the wealthy
WebCPA.com named LBMC a member of the "100 million plus club" in
July 2008, an honor that is reserved for firms that house wealth
management businesses with more than $100 million in assets under
management. LBMC Investment Advisors (which operates
primarily out of LBMC's Brentwood, Tenn., office) more than makes
the list. As of July 2008, when the survey was taken, LBMC
Investment Advisors had $328 million of assets under
management. The managing partner of LBMC Investment Advisors
is Gregory M. Herman.
LBMC boosts its profile in the Tennessee area by providing
educational conferences and lectures where its employees are expert
speakers. In August, LBMC Technologies hosted two conferences
offering new products, add-on products and IT services to business
professionals looking to improve IT capabilities. The
conferences were held in Knoxville and Franklin, Tenn., and were
free and open to any member of the public who wished to
attend. In November 2008, David Haddock, the director of
training and continuous education for LMBC, gave a lecture in
Nashville called "Helping a Small Business Start Up."
Haddock's lecture was part of the Tennessee Accounting &
Auditing Symposium held annually by the Tennessee Society of
Certified Public Accountants.
One of LBMC's most decorated employees became a Hall of Fame
inductee in 2008. Leisa Gill, the director of marketing at
LBMC, was inducted into the Association for Accounting Marketing
(AAM) Hall of Fame in June 2008 for her long-term work promoting
both her own firm and the accounting industry as a whole.
Gill has been recognized for Marketing of the Year in 2004, and is
very active in the accounting community, often speaking at AICPA
and NorthStar Conferences. Her work within LBMC includes
mentoring co-workers, developing day-to-day marketing strategies,
and designing campaigns and branding for the company.