Recognized as one of Montreal's Top Employers (2016)
By Richard Yerema and Kristina Leung, Mediacorp Canada Inc. staff editors (Feb 4, 2016)
Here are some of the reasons why Richter LLP was selected as one of Montreal's Top Employers (2016):
- Richter LLP offers a number of financial rewards, including signing bonuses for some employees, year-end bonuses for all and generous referral bonuses for employees who successfully recruit a new candidate to the firm (to $5,000)
- Richter LLP encourages employees to adopt healthy active lifestyles with a health club subsidy (to $1,000 per year)
- Through Richter LLP's "Community Day", employees receive a paid day off to volunteer with charities and non-profit organizations -- the firm also manages the Richter Innovation and Social Entrepreneurship Program, which provides employees with an opportunity to volunteer their expertise to help aspiring social enterprises
Recognized as one of Canada's Top Employers for Young People (2016)
By Kristina Leung and Richard Yerema, Mediacorp Canada Inc. staff editors (Jan 10, 2016)
Here are some of the reasons why Richter LLP was selected as one of Canada's Top Employers for Young People (2016):
- Richter LLP manages a comprehensive summer student program, which includes team building activities and Friday training sessions on accounting, auditing, taxation and IT -- the program also features practical training for a 2- to 3-week period in one of firm's specialized service teams such as audit, tax, risk management and transaction advisory services, as well as 2 weeks of external training with Richter's clients or clients' controllers
Richter LLP builds a youthful culture
At age 28, Marc-Vincent Caillé had worked in Montreal for Richter LLP for more than three years when he received offers from three rival accounting firms to leave the company.
"Two of them offered me a competitive salary to Richter's," he says. "One of them offered much less. It was a slap in the face."
In the end, Caillé turned down all three offers, deciding instead to remain with Richter. Why? "Because I love the firm," he says.
Founded in 1926, Richter provides accounting, business advisory and financial consulting services to mid-sized and large private and public companies. Its 61 partners and more than 500 employees support clients in areas ranging from business assessment, financial reorganization and profitability improvement to crisis management, insolvency consulting, transaction advice and conducting due diligence for asset-based loans.
While young employees like Caillé appreciate the opportunities for personal and professional growth that Richter presents, the firm itself recognizes
the benefits of a motivated staff of young and eager employees.
"We're much more than an accounting firm," says Managing Partner Tasso Lagios, who joined Richter in 1991 and has been a partner for 17 years. "We constantly have to innovate to ensure that our business continues in a sustainable way. We have to evolve as customers ask for more from their financial advisors. So it makes sense that we would invest in people and develop them. We train our young people in services that our customers will expect."
Even before he became a full-time member of Richter's staff, Caillé had identified the firm as his first choice as an employer. In 2010, while studying at the business school at the University of Montreal, he spent three months at Richter as a summer intern.
The 20 students hired every year in Richter's summer program participate in team-building activities and Friday training sessions on accounting, auditing, taxation and IT. They also receive two to three weeks of practical training as a member of a specialized service team, such as audit, tax, risk management or transaction advisory services, and two weeks of external training during which they assist clients.
"I knew by the end of the summer that I wanted to work there," Caillé says.
Once he joined the firm, Caillé challenged himself to expand his skills as well as his professional qualifications as he progressed through the firm. Richter covered the cost as he pursued his Chartered Professional Accountant's designation and, after working as an entry-level senior staff accountant, he received a promotion that advanced him two levels beyond his status.
"That's something I really like about Richter," Caillé says. "They give you a chance to grow from early in your career. And as your skills increase, they give you more responsibility."
With 40 per cent of its staff under the age of 30, Richter not only offers opportunities for advancement, it has also created a corporate culture that reflects its youthful profile.
"Our culture resonates with young people," says Lagios. "We give more than $1 million a year to the community, for example. And all of us spend one day a year in the community on Community Day. We identify organizations that need help and we go and help them. People find it fulfilling."
For Caillé, now a Financial Analyst in Richter's Financial Consulting Services, the firm has created the ideal environment for a young, ambitious employee.
"I really love what I do," he says. "I feel motivated every day. When you love what you do and you're surrounded by people who respect you, you do good work."
Recognized as one of Canada's Top Small & Medium Employers (2016)
By Richard Yerema and Kristina Leung, Mediacorp Canada Inc. staff editors (Mar 28, 2016)
Here are some of the reasons why Richter LLP was selected as one of Canada's Top Small & Medium Employers (2016):
- Richter LLP employees receive one paid day off to volunteer each year through the company's annual "Community Day" initiative
- Richter LLP helps employees balance their work and personal lives through flexible work hours and telecommuting as well as shortened and compressed work weeks
- Along with matching RSP contributions, Richter LLP offers year-end bonuses for all and generous referral bonuses for employees who successfully recruit a new candidate to the firm (to $5,000)
Richter has its entrepreneurial spirit down to a T
As a partner for 17 years with Richter LLP, Tasso Lagios has helped to guide the firm through almost two decades of continual change.
Founded in 1926 as a two-man accounting practice, Richter now employs a staff in Canada of over 450 people. The firm still attends to its clients' tax- and accounting-related concerns. But its services extend much further.
Working with a client's senior management team, Richter provides advisory and financial consulting services ranging from business assessment, financial reorganization and profitability improvement to crisis management, insolvency consulting, transaction advice and conducting due diligence for asset-based loans.
"We work in a complex global environment," says Lagios, Richter's Managing Partner. "Things in our marketplace move quickly. We have to evolve as our customers ask us for more."
Richter's customers include thousands of mid-sized and large private and public companies in the innovation and technology sector, as well as manufacturing and distribution, real estate and construction, gaming, and retail. Just as its clients depend for their success on the entrepreneurial vision of their leaders, Richter depends on the acumen of its partners and staff to adapt to its fast-moving marketplace. And as the leaders of a mid-sized firm, all of Richter's 62 partners participate in operating the firm.
"We don't just act as practitioners," says Lagios. "Our partners run the business."
That entrepreneurial culture distinguishes Richter from its larger competitors. The country's three largest accounting firms, for example, employ more than 4,500 people apiece and have more partners than Richter's entire staff. Many employees may never meet each other.
At Richter, staff and partners know each other by name, and everyone shares the firm's entrepreneurial spirit.
"That's something I really like about Richter," says Marc-Vincent Caillé, who joined the firm about four years ago when he was in his early twenties. "Everyone's very close. They give you a chance to grow from early in your career. And as your skills increase, they give you more responsibility."
Now an Associate in the firm's Financial Consulting Services practice, Caillé turned down offers from three other firms to pursue his career with Richter. Initially, he worked as an entry-level senior staff accountant while pursuing his Chartered Professional Accountant's designation, for which Richter covered the cost. Once he earned his designation, he received a promotion that advanced him two levels beyond his status.
"I'm still young," says Caillé, who's now 28, "but already I'm managing seven other staff."
Richter's professional staff specialize in a particular field. Lagios, for example, advises clients in areas such as corporate reorganizations, financing and employee remuneration. But they also gain a broad understanding of the scope of the firm's services through a concept based on the shape of the letter T.
"With the T concept, staff receive broad training in all facets of the company," says Lagios, "but they also receive deep training in the area where they want to work."
For Caillé, that meant spending time in different areas of the firm as he worked as an auditor. "You can rotate through different departments," he says, "learn about the full service of the company and then tell clients about all the services. It's very useful."
Last year, Caillé decided to move from auditing to the firm's restructuring practice. "I felt reluctant at first to move," he says. "I wondered if I'd let people down. But everyone was very supportive. They were glad that I was staying with the company."
Caillé's initiative in seeking new challenges confirms the advantages of Richter's entrepreneurial character. As Lagios says, "We're much more than an accounting firm. We constantly have to innovate to ensure that our business continues in a sustainable way."