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
