Valuing a Law Firm
Every law practice has a marketable value. The tough part is finding out what the value or price is for your law firm or a firm you are considering buying. We can help!
How our valuation process works:
- We learn about your firm. This is where we gather financials, firm info and SWOT analysis items in order to understand your firm and potential key value metrics.
- We talk with you. The consultation and communication phase is used to answer our questions and yours as well as to discuss specifics on the analysis.
- We perform our analysis and provide your law firm valuation report. This is the reporting phase and where we provide our valuation opinion with supporting materials for you to keep and use as needed.
Our Valuation Process
Valuation is the key ingredient to any successful sale, purchase, or succession plan, and it is usually the best place to start—a “financial benchmark” to work into your planning.
Other Consulting Services We Offer
Internal equity and succession planning from one generation to the next
Valuation
Equity sale structure and payment terms
Negotiating and closing
Transition planning for
exiting attorneys
Law firm continuity plans
Law firm compensation modeling
And More …
Our team of consultants and our trusted partners can also assist in the following areas:
- Business development coaching & training
- Law firm management structures
- Law firm growth planning
- Strategic planning
- Technology consulting
- Attorney & ownership mediation/conflict resolution
- One-on-one transition plan training
- Office space location search and planning
- Office setup, vendor services and supplies coordination
- Employee benefits platform
- Accounting and financial procedures
- Firm insurance & liability plans