Russell B. Shinsky
Russell Shinsky, CPA, CGMA, is an accounting and audit partner at Anchin and a member of the Firm’s Executive Committee. Russell is the Firm’s assurance practice leader where he focuses on the efficiency and technical proficiency of Anchin’s attest practice; he provides a range of business and consulting services to law, architectural, and engineering firms. Russell also services clients within the following industries: construction, retail, food, apparel & textile, compensation and benefits, and manufacturing and distribution.
As leader of the Firm’s Law Firms Industry Group, Russell is thoroughly familiar with the accounting, audit and tax requirements of law firms. He has been instrumental in consulting with these clients on operational aspects of their business as well as in due diligence for mergers and acquisitions. Russell also works within auditing and consulting on benefit plan matters for legal and other professional service organizations.
Russell frequently lectures to law firms and their attorneys. He has emceed speaking events and was keynote presenter at the 2013 NYC ALA economic forum. Russell has presented recent topics which include “Can Your Firm Survive Partner Departures?”, “Protecting the Law Firm’s Assets and Image with Effective Financial and Management Controls” and “The Financial Statement as a Tool for the Practicing Attorney”. He is a member of the American Institute of Certified Public Accountants (AICPA) and the New York State Society of Certified Public Accountants (NYSSCPA).
- Accounting and Auditing
- Compensation and Benefits
- Architecture and Engineering
- Food and Beverage
- Law Firms
- Manufacturing and Distribution
- Private Equity
- 4 Key Components To New Firm Partnership AgreementsAugust 28, 2018
A well-drafted partnership agreement protects a law firm's founders, establishes a process for new and outgoing partners, and sets forth guidelines for navigating conflict along the way. Startup firms can begin with something less complex, but there are important elements that every agreement should include, says Partner Russell Shinsky.
- Wine, Art, Cars: Alternative Luxury InvestmentsSeptember 14, 2017
Partner Russell Shinsky advises on boat ownership regarding depreciation, sales tax and mortgage interest deductibility.
- What to Consider When Buying a BoatJuly 31, 2017
Enjoyment of boating and the life at sea is a passion that is truly timeless. Throughout history, advocates have spanned all ages, professions and tax brackets. While many find falling in love with boating to be almost automatic, making the decision to own a boat requires careful consideration.
- Important Changes for the 2017 Tax Filing Season for all Calendar Year Law FirmsJanuary 5, 2017
The Highway Act legislation gave rise to sweeping changes for the 2017 tax season due dates for filing both original tax returns and extensions.
- From BigLaw To Your Own Firm: 4 Tips For Legal StartupsAugust 23, 2016
Russell Shinsky, Chair of Anchin's Law Firms Industry Group, shares advice about starting a law firm.
- Law Firms: Why Entity Type MattersAugust 1, 2013
Structure matters when attorneys think about setting up a new practice, merging into or acquiring another firm, or making a lateral move. The tax and financial ramifications are significantly different for each of these entities and must be evaluated as early as possible to avoid costly mistakes.
- What You Need to Know About Partnership Agreements: Law Firms July 27, 2016
Anchin, Block & Anchin Partner Russell Shinsky discusses common issues facing law firms and provisions within partnership agreements that aim to protect the firm.