Camille Murphy's name to partner
Michael Bailey as a reference.
Bailey's brother David (also a partner
at the firm) had graduated from
Quinnipiac University with Murphy, so
she was happy to talk.
ask about a technology company that
used us as a reference," Murphy
remembered. "Shortly thereafter, David
and I had a breakfast meeting with no
particular agenda, and before long we
started talking about `what if...'"
a broker) took approximately six
months, between July and December
of 2009, but the merger became effec-
tive on July 1, 2010 after tax season.
said Murphy. "We met every other
details, legal agreements ..."
and meetings it took to make this hap-
pen," Bailey agreed, listing considera-
tions including but not limited to network
systems, retirement plans, tax soft-
wares, billing, etc. ("Phone lines, faxes,
emails, websites, technology conver-
sions, server capacity, paper, copiers,
scanners, processes and procedures,
announcements, library decisions,
employee locations in our physical
space, painting, construction of offices,
set-up and configuration of files ..."
Murphy chimed in.) "The moving
pieces took longer than I thought."
good at putting systems into place and
rather smooth, considering the firm
grew from four partners to six and from
& Errato, LLC had a second wing to
their office they formerly rented but
leased back to the landlord. They
asked for the space back, renovated,
and welcomed their new firmmates.
such as hours worked, the start of our
work day; during two months of the
summer [Murphy Sloman & Company,
CPAs] closed on Fridays at noon.
There were some middle-ground
agreements," said Bailey. The firm no
longer closed early on Fridays in the
summer, but increased personal days
gave employees the option of taking
Fridays off if they chose to do so.
learned to embrace each others'
strengths in regards to both culture and
technology. Bailey, Schaefer & Errato,
LLC was paperless for audits, while
Murphy Sloman & Company, CPAs
was paperless for taxes. Together,
Andrew J. Errato, and Dominic Scarano Jr.