Orange County Business Journal

OCBJ SPECIAL REPORTS

Q&A

Some local accounting firm executives say an improving economy, increasingly complex client needs, and heightened regulation are combining to bring them more work, a phenomenon they say will likely require bigger staffs. Meanwhile, technology is becoming more of a crucial element in helping meet the growing workloads. The Business Journal’s Jane Yu recently asked several firms to talk about trends in supply and demand in the industry and about the pace of professionals entering the field, along with how the firms use and invest in information technology. Here are edited excerpts of their responses.

Accounting Firms Tally Up 4% in OC Staff Increases

Gains Represent Third Year of Local Staff Jumps

Orange County’s top accounting firms combined to grow their local offices by 4%, continuing a run of employment gains for the third straight year.

Management Consultants Grow OC Workforces 25%

Regulatory Changes, Plus Acquisition Fuel Increase

Orange County’s top management consulting firms grew their local offices by 25% over the past year, the highest rate since a recovery in hiring began in 2011.

Q&A - Wealth Management Firms

A general rise in life expectancy has been the focus of many a conversation among wealth managers and their clients of late, regardless of how far the clients may be from planned retirement.

GenSpring Taps Deeper Into Abundant California Wealth

WEALTH MANAGEMENT: Family Office Grows in West

GenSpring Family Offices LLC is expanding the role and reach of its regional headquarters in Costa Mesa as it bolsters its service to the wealthy in California and the rest of the West.

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Q&A Healthcare - Nurse Shortage

The shortage of registered nurses was one of the hottest topics in the Orange County and California healthcare sector in the late 1990s and early to mid-2000s.

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Hoag Orthopedic Aims for Transparency, Engagement

Institute’s Surgery Volume Ranks High Nationally

Hoag Orthopedic Institute, an Irvine-based specialty hospital, looks up to a role model for the type of healthcare it strives to provide.

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Hospitals Have Mixed Year as Profits for Some Dip

Profits of 30 Biggest Drop 7%, Revenue Up

Orange County’s largest hospitals posted mixed results on the profit side over the past year or so. Includes the 2014 OC's HOSPITALS list for download (pdf)

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Hospitals Stretch Selves Into More Innovation

Seek Entrepreneurs to Improve Healthcare, Bottom Lines

Orange County hospital systems are moving deeper into the “business of innovation” as they seek to respond to changes in the healthcare sector.

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Q&A - Strong Economy?

Orange County’s economy has largely strengthened over the past few years of continued post-recession recovery.

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Bank Deposits Rise Sharply After 3 Slow-Growth Years

Majority of Banks With OC Presence Post Gains

Commercial banks in Orange County grew local deposits by nearly 8% last year after three straight years of gains averaging 2.6% a year.

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Change Is Constant for County’s Infill Developers

Shea, Sares-Regis Shift With Market, Changing Tastes

There’s no such thing as a slam dunk or a straight shot when it comes to infill redevelopment projects.

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Irvine Business Complex Continues Apartments Trend

Plans Represent Most Development There in Years

The one-time homes of churches, dietary supplement manufacturers, clean-energy companies, and a host of other office tenants in Irvine are on the fast track to being turned into apartment sites in the latest burst of development activity at the Irvine Business Complex.

Office Rents Up as Negative Absorption Returns

OFFICE SPACE

The Orange County office market continued to make steady progress during the fourth quarter, despite some lingering headwinds.

County’s Industrial Vacancy Near Record Low

INDUSTRIAL SPACE

The downward trend of Orange County industrial vacancy rates continued throughout the fourth quarter.