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Immigration law practices stand apart because it is a highly volatile, agency-focused practice that often requires navigating complex administrative systems rather than traditional courtrooms, and it demands deep cultural competency and empathy given the life-altering stakes for clients. Immigration often involves working directly with government agencies like USCIS to resolve cases administratively, where a single missed deadline can have immediate, devastating consequences, such as deportation.
In immigration law, there are two main types of practice. There is family-based practice, which primarily serves individuals. There is also employment-based practice, where clients are primarily corporations. Some firms do only one type, but many do both.
Yes, very differently. Law firm buyers hope to generate future revenue from an acquisition. Family-based buyers hope to benefit from future referrals.
Unlike family-based work, in an employment-based practice, buyers look for repeat clients. The most successful in this space rely on repeat revenue from business clients who have developed strong relationships with a firm’s owner and with other lawyers and staff. In a perfect world, buyers of an employment-based practice hope to take over the relationships the selling lawyer or staff already has with the corporate client.
Buyers hope that, with proper introductions and a transition strategy, repeat clients will continue working with a successor. At times, this is not a problem, especially if other lawyers or staff remain after an acquisition. Many clients already have relationships with those individuals who remain after the owner leaves, so there is hardly any risk of losing revenue.
You don’t have to navigate the process of buying or selling your immigration law practice alone. Roy Ginsburg can help guide you through every step. To learn more about buying or selling an immigration law practice, call Roy at 612-524-5837 or connect online.