LexBlog has made available for download their article, “Selling a Law Practice: 8 Things to Know”, published on the LexBlog. The abstract is as follows:
As a law firm owner, you may consider selling a law practice for many reasons. And there’s a lot to consider to properly put a value on a business that you’ve built with your time, talent, and passion over the years.
You may be thinking of pursuing a new career, moving, or retiring. Sometimes, putting a law practice for sale is the best choice for a law firm owner. But that doesn’t mean that it’s a simple decision. If you’re thinking of selling a law firm, you must have a plan, follow your jurisdiction’s rules, and ask for help when you need it.
In the following post, we’ll cover key things to consider when selling a law practice. From establishing a transition plan to ensuring you properly serve your clients, and accurately pricing your practice and more, read on to start strategizing.
Posted by Marin Larkin, Associate Editor, Wealth Strategies Journal.