2024 Power 100: David McLaren
Photo | Courtesy of McLaren & Associates CPAs
David McLaren, founder and managing partner of McLaren & Associates CPAs
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David McLaren is proof that nice guys win. As the founder of one of just four certified B Corps in Central Massachusetts, McLaren has a commitment to improving clients’ lives through tax, business valuation, and forensic accounting services central to his company’s mission.
While case details are top secret, McLaren said his firm has won 100% of its forensic accounting cases in the last decade, recouping lost or stolen money for clients involved in legal disputes. McLaren & Associates is the first accounting firm in New England to receive a B Corp designation from B Lab, a global accolade the organization gives to companies committed to social and environmental justice and have a fiduciary responsibility to stakeholders – not shareholders. McLaren received a B Corp impact rating of 95.4, according to B Lab, well above the required score of 80.
Becoming a B Corp in 2019 was a difficult move, as it meant converting the company to a shared governance model; employees help make decisions about policies, procedures, who to work with, and even who to hire.
“But the opportunity to grow these team members and give them the opportunity to lead has only helped our firm add even more value, stronger team members, and grow exponentially,” McLaren said.
The company increased its workforce 50% in 2023.
McLaren, a Worcester native who became homeless as a teenager, said early adversity inspired him to graduate with honors from Bentley University and to seek to lift others in his professional life. Regularly donating to Worcester nonprofits – especially the Worcester Public Schools and the city’s homeless shelters – McLaren has a particular interest in supporting inner-city youth.
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