October 30, 2013
Carolyn Mazzenga, Partner-in-Charge of the Melville Office, Quoted in Long Island Business News Article "What it Takes to Make Partner"
By Amy Onorato
What exactly is a good fit when it comes to partnership? While some industry standards, like CPA certification requirements, have remained intact, the role of partner within public accounting firms has shifted, placing new emphasis on leadership and entrepreneurial prowess in light of a relatively futile economic climate.
In larger firms, the responsibility of bringing in new business tends to fall on specific partners, and partners with certain technical skills or specializations become more valuable due to the expansive nature of the company.
Bringing in new partners with certain specializations can be an indicator of a firm’s expansion plans, said Carolyn Mazzenga, who joined Marcum, a national accounting firm with roots in Melville, in 1992. Since then, Mazzenga, now partner-in-charge of the Long Island office, has watched the firm grow from a small staff of 20 to its current size of 1,200, with about 150 partners nationwide.
“Not every partner is entrepreneurial, but not every partner has to be,” Mazzenga said. “If an area [of practice] expands dramatically, you may have to add a partner or two to expand your client base.”