Is my law firm worth 3 x my turnover? I’ve had a valuation from a third party business broker
No, I am afraid not. Slightly longer answer here: https://jonathanfagan.co.uk/a-business-broker-has-told-me-that-my-sme-law-firm-is-worth-3-times-turnover-is-this-true/ Please get in touch for an impartial valuation based on real life figures and market rates.
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Should I convert my sole practitioner law firm to a limited company?
Yes, if possible. Full article here: https://jonathanfagan.co.uk/should-i-convert-my-sole-practitioner-or-partnership-law-firm-to-a-limited-company/
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Are local competitors the best option for selling or merging a law firm?
No, is the short answer. A longer answer can be found here:
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How do you allow for owner drawings when valuing a law firm?
A common question in recent times has been how to calculate net profit when working out the price of a law firm and in particular relating this to the situation where a seller is also working as a fee earner and taking drawings or dividend out of the business. The key question is usually whether […]
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Do you provide accountancy practice valuations?
Yes we do – our valuations are based on current deal experiences and suggested deal structures. We recommend having a valuation prior to listing your firm for sale. It can be completed within 2 weeks for most businesses.
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I am a sole practitioner. Is my law firm worth anything?
Yes it is. We have been involved in transactions for the sale of sole practitioner law firms on numerous occasions and whilst they are not for everybody the firms do still have a value. A couple of things you could consider doing to increase the chances of sale: a) convert your business into a limited […]
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What experience do you have that qualifies you to value or sell businesses?
We have been working with UK law firms and accountancy practices of all shapes and sizes on recruitment and business sales for over 20 years. The information we give in relation to values of businesses is very specific to our experiences of previous and current deals and is always tailored to an individual business. Our […]
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What price should I put on my law firm for sale?
We do not usually recommend indicating a sale price unless you have something very specific in mind. Law firms in particular are notoriously difficult to gauge a price for, because they do not have the same realisable assets that an accountancy firm for example has. Accountancy practices tend to be valued on the number of […]
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How much is my business worth?
You need to get a full valuation from us in order to answer this question. Click here to request a quote. Our valuations are extremely detailed and include advice on improving value and saleabilty of your business. Business value tends to be the number one question for just about everyone running a law or accountancy […]
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Do you provide law firm valuations?
Yes we do – we specialise in both law firms and accountancy practices and provide market valuations based on current deal experiences and suggested deal structures. Our valuations are used for a wide range of purposes including partnership disputes & divorce proceedings. We recommend getting a valuation done as a first step to considering the […]
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