A chronicle is provided of some of the significant events in the life and death of the seventh‐largest accounting firm in the United States, Laventhol & Horwath (L&H). In examining the success of individual firms in acquiring L&H's large audit clients, we ascertain whether Big Six firms were the beneficiaries of L&H's demise. A by‐product of this examination is that public accounting firms should be wary of growth, per se . Specifically, more attention to their client selection standards is needed.
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Wootton et al. (1993) studied this question.