Law Firm Practice for Sale Strategies

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Law Firm Practice for Sale – Tips for Selling a Law Firm

Decide Your Timeline for your Law Firm Practice for Sale. Realize a sale can take 1-3 years, and transition 6-12 months.

Pick a Strategy; Balance sheet based or income based.

See Your Accountant and Get Your Books in Order – 3 years minimum for tax returns, income statements, etc.

Set a Value on Your Law Firm Practice for Sale. Use either a balance sheet or income stated methodology with multipliers.

Structure the “Law Firm Practice for Sale” Deal

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