Can I Use a Multiples of Revenue or Rule of Thumb to Determine My Law Firm's Value?

Sep

How Spouses Can Support Law Firm Succession Planning

September 5th, 2024

Succession planning is a demanding journey with many unknowns. As the spouse, you're more than just a passenger—you're the co-pilot. Whether you are a co-owner at the firm, an employee, or simply a curious and supportive partner, your involvement in succession planning is crucial. As a spouse, you bring a unique perspective to the process, whether or not you work at the firm. With that support, a few well-placed nudges, and the occasional "I told you so" (play this latter card VERY carefully), you can help guide your law firm owner spouse make a smooth transition out of the legal profession. Read More

Sep

Succession Planning Scenarios for Solos & Small Law Firm Owners

September 1st, 2024

For solo practitioners and small law firm owners seeking retirement, here is a quick, down-and-dirty summary of the succession plan strategies available to you. Put another way, here are three structural ways that soon-to-be retired lawyers can “sell” their practices. Read More

Can I Use a Multiples of Revenue or Rule of Thumb to Determine My Law Firm's Value?

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