A business broker has told me that my SME law firm is worth 3 times turnover – is this true?
In a nutshell, and without spending the usual hours looking at your firm in detail; the answer is no. Or at least for 99.9999% of law firms with a turnover of less than £10 million the answer is no. If you think about it, how on earth could this ever happen? Lets take a typical […]
READ MORE >
What is my law firm worth?
We often get contacted by partners and managers of solicitor practices in the UK, wanting to know what their business is worth. It may be that somebody has approached them to ask them if they want to sell, or it may be that they are looking to retire and one of their colleagues is keen […]
READ MORE >
How do I increase the value of my law firm?
We regularly prepare valuation reports for law firms of all shapes and sizes across the UK, and one of the sections of our reports is how to increase the value of, and the ability to sell, a law firm. Here are some of our top tips for any law firm, but if you do require […]
READ MORE >
Valuing Law Firms and Accountancy Practices – a Business Broker’s Experiences
As this is one of the most common telephone calls we take every day from owners of law firms and accountancy practices, it is also one of the most common articles that we choose to write about. It remains one of the hardest things to correctly predict when it comes to selling law firms. Accountancy […]
READ MORE >
A Rough Guide to Law Firm Valuations
Valuing law firms is a bit hit and miss. An article with example valuations by Jonathan Fagan, MD of Ten Percent Legal Recruitment and Jonathan Fagan Business Brokers. Link to full article: https://www.ten-percent.co.uk/law-firm-valuations-a-very-very-rough-guide/ … The content of this article is available to view by Enhanced Buyers and our Gold + Sellers. For details of our […]
READ MORE >
Selling a law firm – whats it worth?
There have been a flurry of interested partners of law firms looking to sell up, whether through retirement, weariness, cash flow issues possibly, or just generally feeling that their business has taken its course and looking to move on to pastures new. We get a lot of calls into our offices asking what the practice […]
READ MORE >
Do law firms have a sale value?
I was recently surfing the internet to see what articles are out there on law firm valuations and selling solicitors’ firms and was surprised to find a number of advice pieces advocating law firm owners giving their practices away for nothing. I also looked at discussions on succession and retirement to see what kind of […]
READ MORE >
Unrealistic law firm valuations
Pie in the sky solicitors’ firm valuations – a recent experience – an article by Jonathan Fagan, MD of Ten Percent Legal Recruitment and Jonathan Fagan Business Brokers. Click here for the full article: https://www.ten-percent.co.uk/pie-in-the-sky-law-firm-valuations/ … The content of this article is available to view by Enhanced Buyers and our Gold + Sellers. For details […]
READ MORE >