Selling a Law Firm

Considering selling your law firm? Now is the time to start. Give yourself and your firm time to find the right path and the right successor by getting started today.

Whether you’re an individual attorney looking for your retirement or other succession strategy or a law firm searching for strategic merger for your continuation plans selling a law firm can be the right option for you. Often, when an attorney considers retirement or exit planning they start to see it as a time to slow down their practice or stop practicing law – Wrong! Your personal timeline for practicing law is for you to decide, but the key is to find the right successor, the right buyer for your firm ownership in the meantime. You have built something that has value and you should benefit from it.

Selling a law firm can allow you to:

  • Monetize the value of your law practice
  • Spent time with your family & enjoy retirement on your schedule
  • Find a successor for your practice
  • Continued legal care for your clients & community
  • Take control of your professional transition timeline
  • Develop a law firm continuity plan

Ready to Sell Your Law Firm?

Reach

1,000+

Qualified
Buyer
Prospects

& Our Nationwide Network

Work with Our Expert Team

We have the knowledge, process, and proven success, and we’re ready to go to work for you. Our goal is to be your guide through the selling process and ultimately help you choose the best buyer match for you and your firm.

Let us show you why we are the leader in law firm brokering and exit strategy.

*All inquiries are 100% confidential.
 

List it Yourself

You can post your firm in our law firm listings to reach potential buyers across the country.

To get started:

  1. Register a free seller account.
  2. Draft your listing.
  3. Select your listing plan and submit your listing for approval.

Selling a Law Firm the Right Way

Selling a law firm is different than selling other businesses. The Law Practice Exchange has developed the market leading process to make selling successful by helping you take the right steps along the way to achieve your goals. 

Selling a law firm is a transition-based sale where the seller typically stays on after closing for a period of time to help ensure the relationships and personal value they have are also transferred to the buyer. As such, the financials of the deal are important, but transition planning is sometimes even more important.

Key steps in selling a law firm:

  • Evaluating your needs, wants and ideal timeline
  • Determining how to find the right buyer or successor match for you, your firm and your clients
  • Valuing your law firm
  • Structuring payment terms and funding
  • Due diligence items you should know and plan for
  • Transition planning for you after the sale is completed

We help our sellers not only find the right buyer, but also to take the right steps along the way to make it a success.

Our Selling Process

Our process starts with you. Your individual attorney-owner’s needs, goals, desired timeline, and other considerations will drive our process through to the end.

Here are some things to consider early on if you are considering selling your law firm:

  • How long do you want to work?
  • Who would be an ideal successor-buyer?
  • How long will it take to transition your clients and referrals?
  • What financial needs do you have for retirement?
  • Is price, the buyer or something else the most important factor for you in selling?
  • Imagine what a successful sale looks like for you, your firm, your clients and your team.
  • The Law Practice Exchange will work with you to help answer these and other questions or planning goals from the start to keep focus on making sure success is achieved at the end.
The Selling Process infographic

Working with The Law Practice Exchange

Our goal is to be your guide through the selling process. This is probably your first time selling a law firm, so our goal is to guide you with our experience selling dozens of law firms, to be a resource and provide outside resources you may need, and ultimately to help you choose the best buyer match for you and your firm.

We will help with:

  • Maintaining confidentiality
  • Initial firm financial & operational discovery
  • Law firm valuation, pricing, and payment terms
  • Projected cash flow analysis for return on investment decisions
  • Negotiations between you and the buyer
  • Process and timing accountability to keep things moving forward
  • Templates, checklists and other guides for each step of the selling process
  • Trusted outside resources for banking, accounting, other consulting, etc.
  • Transition plan development

Ready to Sell Your Law Firm?

Work with Our Expert Team

We have the knowledge, process, and proven success, and we’re ready to go to work for you. Our goal is to be your guide through the selling process and ultimately help you choose the best buyer match for you and your firm.

Let us show you why we are the leader in law firm brokering and exit strategy.

*All inquiries are 100% confidential.
 

Sell it Yourself

You can post your firm in our law firm listings to reach potential buyers across the country.

To get started:

  1. Register a free seller account.
  2. Draft your listing.
  3. Select your listing plan and submit your listing for approval.