Most people who are thinking about buying a law practice have never done so before. As with any new venture, inexperience can be costly. In the case of purchasing a law practice, there is a lot on the line. If you are considering a move that will profoundly affect your career and finances, it’s a wise idea to have experience on your side when you buy a law practice.

Attorney coach Roy Ginsburg can help with everything from appraising the firm’s value to negotiating, structuring, and closing the deal. There are a lot of business advisors out there, but most do not understand the ins and outs of buying or selling a law practice. With over 15 years of experience in strategic lawyer coaching and 40 years as a practicing attorney, Roy is uniquely qualified to support you in buying a law practice.

“I wanted to buy a practice and hired Roy to help me assess the law firms I was considering. His deep knowledge and insights into buyout practices among other firms were incredibly helpful. This type of information is generally hard to find, making his advice particularly valuable to me."

– Solo practitioner, NYC

Navigating Common Pitfalls When Buying a Law Practice

Buying a law practice is fraught with potential pitfalls that can derail even the most promising deals. Common challenges include overlooking important financial discrepancies, misjudging the firm's cultural fit, or underestimating the complexity of client transitions. Roy Ginsburg's expertise helps you sidestep these traps by supporting a rigorous due diligence process, assessing the true culture of the firm, and planning for effective client handovers.

His guidance ensures that you fully understand the nuances of the practice you are considering, so that your investment is protected and the stage is set for a seamless integration into your new role. With Roy's support, you can confidently navigate the intricacies of acquiring a law practice, ensuring a prosperous start in your new venture.

How Attorney Roy Ginsburg Can Help Buy a Law Practice

Roy has helped many attorneys successfully buy and sell law practices. He has worked with over 200 law firms across 48 states and in more than 30 practice areas. His knowledge of the market can give you the confidence to move forward with purchasing a practice, or to walk away from a prospect that won’t meet your needs.

As your strategic advisor, Roy will:

• Provide you with an independent appraisal of the law firm you are considering
• Make sure you don’t overpay
• Help you conduct due diligence
• Help you structure and negotiate a deal that is not only fair financially, but also ensures that the seller offers the support you need to successfully transition into the practice
• Relieve your stress about whether to purchase a particular practice or keep looking for a better option.

“I hired Roy when I (had) the opportunity to buy the estate planning practice of a recently deceased attorney. He offered me the reassurance I was looking for to move forward with the deal. I would not have felt confident going in as a purchaser without Roy by my side.”

-Solo Practitioner, Davis, CA

Coaching You Beyond the Sale

After you buy a practice, what happens next? Taking over an existing legal practice can be intimidating even for seasoned attorneys. A lot of unforeseen challenges can arise, and it’s common for things to get messy. That is where Roy’s services become even more valuable.

If you choose, you can continue to work with Roy well after your deal is done. As a lawyer coach and strategic advisor, Roy will help you ease into your new practice. His coaching service spans topics from basic firm management and billing practices to marketing and increasing job satisfaction, helping you to be successful in your new firm. Not only does Roy ensure that you get a good deal, but he helps you make it a success. He will continue to offer strategic advice and practical solutions to help you run your new practice in a way that works for you.

“I hired Roy to assess buying a practice. His "wake-up call" advice was real, pragmatic, affordable, and very beneficial. Without Roy’s advice, I would have spent a quarter million dollars more than what the practice was actually worth. I’m glad to have received his help.”

– Solo practitioner, Irvine, CA

Get the Help You Need to Buy a Law Practice

If you're uncertain about how to start the process of finding and purchasing a law practice, you don’t have to navigate this journey by yourself. Roy Ginsburg is here to assist you every step of the way. With years of experience and a deep understanding of the legal market, Roy can provide you with invaluable guidance and support. He can help you identify the right opportunities, negotiate the best terms, and ensure a smooth transaction.

To discover more about the benefits of buying a law practice and to get personalized advice, give Roy a call at (612) 524-5837 today or connect online.