What You Need to Know in Order to Sell a Law Practice

For years, selling a law practice was prohibited because ethics regulators believed clients, files, and a firm's good will were not something that could be sold. This prohibition did not really affect larger law firms, which would just buy out partners, i.e. the partnership would return the percentage of the equity owned by the retiring partner. Smaller law firms were able to "sell" themselves by merging with other firms.

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I liked Roy’s organized way of approaching my problems and coming quickly to the most important points. His friendly manner of speaking was very helpful. I felt as though Roy understood not only the dollars and cents of my practice, but also th…" Read the rest
– Solo practitioner, Chapel Hill, NC

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