Q1: What is the Law Practice Exchange?
The Law Practice Exchange, LLC is a modern day marketplace for law practices and firms. We make the connection between buyers and sellers looking to either expand their practice or to find the perfect replacement. We make the transition a smooth and secure process for both parties involved. Confidentiality is our number one priority to protect both buyers and sellers. If you’re selling your practice because of an approaching retirement or you’re just going a different direction, we can valuate your practice and help you find the perfect match for the firm. We understand that you care about the well-being of your clients and we will work to make sure they are taken care of.
Q2: Why should I use The Law Practice Exchange?
The LP Exchange is managed by a practicing attorney & CPA. Therefore, we understand the process of running a law firm and keeping clients happy. If an attorney, in any industry, leaves his or her practice they will not only cause chaos in the firm but also leave his/her clients feeling insignificant. The LP Exchange will find the perfect match and an accurate value to sustain a strong firm.
Q3: How do I know if I should list my law practice?
Many attorneys are using this site to sell their practice because they are retiring. Unfortunately, there also may be some firms for sell due to the passing of an attorney. Other attorneys may just want to enter a new field or occupation. Whatever the reason, the LP Exchange will guarantee a fair and compatible match for your firm.
Q4: How do I know what my law practice is worth?
The LP Exchange works with trusted banking experts and CPAs to provide the best value for your practice. Valuing a law practice is much different than valuing any other firm in other industries. There are many factors to consider and our experts are trained to recognize them.
Q5: Which areas of law are available to search?
The list below includes general practice areas but are not limited to:
- Business/Corporate Law
- Estate Planning Law
- Real Estate Law
- Administrative Law
- Appellate Law
- Banking Law
- Bankruptcy Law
- Commercial Law
- Communications Law
- Consumer Law
- Copyright Law
- Criminal Law
- Employment Law
- Environmental Law
- Family Law
- Health Law
- Insurance Law
- Tax Law
- Transportation Law
Q6: What if I don’t like what you value my practice at?
Valuating law practices is more difficult than other industries because of the many different circumstances and client relationships. We will give you the most realistic value for your practice and keep it confidential.
Q7: How can I submit my listing?
You can contact us by visiting the Contact Us page located at the top of the website. After you contact us, we will follow up to discuss your needs and goals for your practice. We will sign confidentiality agreements and discuss what you would like posted in your listing. Your listing is tailored to your practice and preferences.