Just working hard and building your practice into a highly profitable one isn’t a guarantee that when you come to sell it, you will get well paid. The secret to getting well paid on sale is to focus on building value in a small law firm. Let me demonstrate by sharing two recent experiences with you. Recently I was meeting […]
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 […]
This small law firm blog is dedicated to helping the principals of small legal practices to improve their practice profitability, practice valuation, improve their marketing, free up their time and have more fun while making more.