Are you thinking about getting a professional, comprehensive valuation of your law firm undertaken?
You may be considering a practice sale or disposal, an acquisition, incorporation or a merger, changes in partner numbers, or simply looking for succession planning and an exit strategy as you approach retirement. If so, you will need an accurate picture of the value of your legal practice.
Albion Legal has extensive experience in undertaking highly detailed, accurate law firm valuations. Your valuation report will include our valuation methodologies, key factors and likely legal and economic impacts on the legal sector and market, and a balanced view on the current value of your business.
This will result in a comprehensive document providing a fair, evidence based and professional valuation of your business. You can then use the valuation to take forward your negotiations from a position of much greater strength.
Key Benefits
- Detailed, professional valuations and market analysis
- Practice sale, disposal or acquisition
- Organising summary financial and asset information
- Continuity planning and client retention
- Succession planning and an exit strategy
Why choose Albion Legal to value a law firm?
Our law firm valuation service features the following benefits:
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Current state of the market
A desktop valuation review including the basis for the valuation undertaken and a full analysis of the legal market across all sectors.
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Summary financials & assets
The financial information provided and net realisable assets on which the report is based to establish the underlying value of the assets being acquired, the starting point for any practice valuation.
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Future strategy of the firm
Consideration to factors such as whether the firm is to be sold, merged or acquired, future intentions of partners, continuity plans and retention of existing clients.
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Goodwill
The valuation needs to take into account the goodwill of the business which represents the value of assets not recognised on the balance sheet, such as IP and future income potential.
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Strengths and weaknesses
Analysis to summarise the key strengths and weaknesses of the practice in terms of attractiveness to a potential buyer.
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Overall summary
A valuation calculation based on all of these factors, taking into account business potential, future arrangements and offer proposals.
Who we've helped
How we can help your law firm
Albion Legal's employment law services are designed specifically around your business model or those of your clients. Our reputation for service quality and delivery has enabled us to build on our specialised 'solicitor support' products, with law firms turning to us to transform their business and improve their bottom line.