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Professional Services: Law firms not ready to jump headfirst into risky tech
Artificial intelligence continues to make headway into most industries, as C-suite professionals test AI-powered tools’ potential for cost savings and efficiency. Some people are even asking whether the speed of AI could finally kill off the billable hour. Not so fast, Siri. Clients often are not fans of the hourly billing model, which averaged $370 […]
Va. Board of Accountancy elects next chair
Wendy P. Lewis, a partner in KPMG LLP’s audit practice, will become chair of the Virginia Board of Accountancy on July 1. Lewis is currently the board’s vice chair; her term as chair will end on June 30, 2024. “I’m honored to step into the role of chair. … As the first Black woman to […]
Forvis names new Va. managing partner
Forvis has named Jennifer Wold as managing partner of its Virginia practice unit, the accounting firm announced Monday. Wold’s role becomes effective June 1. She succeeds Tom Hazelwood, who has served as managing partner for the past year. Wold will oversee offices in Richmond, where she will be based, and in Norfolk. She is a […]
Falling short
In the accounting field, the books are out of balance. Demand for the profession’s services is rising, which is one for the assets column, but on the debit side of the ledger, the number of people willing and able to provide those services is dropping so alarmingly that some firms are being forced to turn […]
