Lattimore Black Morgan & Cain has named Gregory E. Erickson, J.D., as partner-in-charge of its Knoxville, Tenn., Tax Division. Erickson will manage day-to-day needs and direct the division's growth strategy. He has been with the firm since 1997.

Lori C. Ehleben, CPA, formerly a principal in the firm's Investment Management Group, has been promoted to partner at BBD. Ehleben, who has been with the firm since June 2005, works on audits of mutual funds and hedge funds, specializing on reporting and tax issues.

Most firms are faced with the dilemma of keeping long term managers who are major contributors to the firm but for whatever reason are not ready to be equity partners (or who perhaps never will have what it takes to be equity partners). In the past, most of us would not make the decision to outplace the long-term managers since from many perspectives including client service, engagement and staff management and profitability, they did a great job.

When Peter Freuler, Jr. took over his father's CPA practice in Orlando, Fla., he didn't set out to create a firm that specialized in dental and medical accounting. Yet, that's just what happened.