At Cordes & Company, our financial and management professionals provide prompt and expert support for businesses and real estate in transition, litigation and distress – as well as their local, regional and national lenders.
One of our primary areas of focus is the professional services sector. Instead of tangible physical products, professional services providers sell their high-level knowledge and expertise. Their income is based primarily on billable hours.
The professional services category commonly includes doctors, dentists, accountants, lawyers and engineers, as well as financial product and real estate brokers.
The professional services business model is unique. This uniqueness is reflected in the way that financial and other assets are measured, as well as in operations. It takes a special skill-set to provide financial assessment and management services to professional services entities in transition, litigation or distress.
At Cordes & Company, we possess that technical skill-set. Plus, difficulties within professional services firms often generate a level of personal animosity that has been growing over time and must be dealt with as well. Troubles in a partnership are like troubles in a marriage; dissolution of a partnership is like a divorce. Often, it helps to have an objective third party involved until a situation can be resolved.