Mitchell & Titus

Mitchell & Titus, LLP

Type	Limited Liability Partnership
Industry	Professional services
Founded	1974[1]
Headquarters	New York City, New York
Area served	United States New York City, NY Rutherford, NJ Philadelphia, PA Baltimore, MD Washington, D.C. Chicago, IL
Key people	Bert N. Mitchell (Founder) Anthony S. Kendall (CEO) Kwabina Appiah (COO)
Services	Assurance Tax Advisory
Employees	175[2]
Website	http://www.ey.com/MI/en

Mitchell & Titus, LLP is a member firm of Ernst & Young Global Limited and the largest minority-owned accounting firm in the United States.^[3][4][5] Headquartered in New York City, the company provides professional services in assurance, tax, and advisory to Fortune 1000 companies^{[citation needed]}, entrepreneurial enterprises, not-for-profit organizations, financial services firms, government entities, and high net-worth individuals.^[6] Mitchell & Titus maintains six offices across six states in New York, New Jersey, Pennsylvania, Maryland, District of Columbia, and Illinois.

History

Early Business

Bert N. Mitchell and Robert Titus formed a partnership in 1974, establishing Mitchell & Titus, LLP. In the late 1970s, the firm targeted not-for-profit, community-based organizations receiving federal grants from the Great Society programs. Among the first large not-for-profit clients were the Economic Commission of Nassau County (NY), and Recruitment and Training, Inc. of the A. Philip Randolph Institute.

In 1978, Mitchell & Titus broke new ground by pioneering joint venture projects with the then “Big Eight” accounting firms. The firm entered a joint venture agreement with KPMG Peat Marwick to conduct New York City's first independent audit. The firm also opened its Washington, D.C. office in 1979 to be better positioned for government contracts. Joint ventures and minority participation contracts attributed to the firm’s growth throughout the late 1980s, during the time when the “Big Eight” became the “Big Six".

EY Relationship

The relationship with Ernst & Young began in the early 1980's with a joint venture relationship, which included the joint audit of the City of New York for many years. In 1986, Mitchell & Titus established a management consulting division to attract commercial clients and take part in the growing consulting industry.

Mitchell & Titus joined Ernst & Young Global Limited as a member firm in 2006.

Growth Through Acquisition

Mitchell & Titus enacted an acquisition strategy to grow their client base and presence around the country.

1984 - Acquired New York-based accounting firm Stewart, Benjamin and Brown.
1986 - Acquired Philadelphia-based Leevy, Redcross & Co.
2005 - Acquired New Jersey-based Frye, Williams, & Co.
2009 - Acquired Chicago-based Hill Taylor LLC.

Mitchell & Titus offices

One Battery Park Plaza, New York, New York   One Gateway Center, Newark, New Jersey   1101 New York Avenue, Washington D.C.   1818 Market Street, Philadelphia, Pennsylvania   333 West Wacker, Chicago, Illinois

References

1. ^ "The History of Mitchell & Titus: At a Glance". Mitchell & Titus. http://www.mitchelltitus.com//mt/content.nsf/MT/en/About-Us-Mitchell---Titus-History-The-History-of-Mitchell---Titus. Retrieved 2011-01-20. 
2. ^ MBN USA (2006-01-06). "Mitchell & Titus thrive as Ernst & Young member firm". MBN USA. http://www.mitchelltitus.com/MT/Assets.nsf/vwLUAssets/MBN_USA_Accountable_Partnership/$FILE/MBN_USA.pdf. Retrieved 2011-01-20. 
3. ^ "Maintaining a diverse culture". Ernst & Young. http://www.ey.com/US/en/About-us/Our-people/About-us-recruiting-minority-recruiting-diversity. Retrieved 2011-01-20. 
4. ^ "Firm overview". Mitchell & Titus. http://www.mitchelltitus.com//mt/content.nsf/MT/en/About-Us-Firm-Overview-Firm-Overview. Retrieved 2011-01-20. 
5. ^ PRNewswire (2006-01-06). "Mitchell & Titus Joins Ernst & Young Global as a Member Firm". PRNewswire. http://www.prnewswire.com/news-releases/mitchell--titus-joins-ernst--young-global-as-a-member-firm-53354547.html. Retrieved 2011-01-20. 
6. ^ "Services & Solutions". Mitchell & Titus. http://www.mitchelltitus.com/mt/content.nsf/MT/en/Services-and-Solutions-Assurance---Advisory-Business-Services-Assurance-Advisory-Services. Retrieved 2011-01-20. 

External Links

• Mitchell & Titus website
• Ernst & Young Global Limited website