The key to increasing the valuation multiple for small legal practice goodwill

Small Legal Practice Goodwill

The key to increasing the valuation multiple for small legal practice goodwill As a lawyer, you will probably be familiar with the usual approach to valuing a business. The usual approach is based on the valuation of future maintainable profits. If you aren’t that familiar with that method, you can review that method by visiting a previous article below: Link to […]

Factors having the greatest influence on small law firm profits in 2014

Small law firm profits in 2014

What factors will have the greatest influence on small law firm profits in 2014? Macquarie Bank who is a major lender to small and medium sized law firms publishes an annual survey of small law firms that reveals some very interesting information that you can use to the benefit of your practice. One of the results of the survey that […]

The Cruel Joke Being Played on the Legal Profession

cruel joke on the legal profession

The Cruel Joke Being Played on the Legal Profession Somewhere, by someone, the rumour was started that smaller legal practices (and bigger ones too, for that matter) have little goodwill value on sale. Now like all businesses, there are firms that rightly should have little or no value. Those ones that produce little or no profit for the law firm […]

Valuation of law firm goodwill

Valuation of Law firm goodwill

Valuation of Law Firm Goodwill in Small Law Firms When selling  small law firms or a share of the equity in it, the question arises as to what is the goodwill of the practice worth? Talking with Ian Hyman the CEO of Hymans Valuers and Auctioneers, he indicates that he would normally use the future maintainable earnings of the law […]

Join the Valuable
Small Law Firm Club
FREE VIDEO
The Quickest and Easiest Way
to Get More Quality Clients
to Your Law Firm

Small Law Firm Blog

How to price legal services to attract high quality referrals? This is part five of a series on the top five concerns lawyers have about getting referrals. To recap, I have just concluded a survey of small law firms where I asked then what their biggest concerns were in regard to getting referrals from people within their professional network. From […]

Read More

Testimonials

The video presentation contained practical strategies for improving cash flow. Tiffany Hart- PEACOCKES Solicitors- Dubbo NSW

Read More