Why should I have it done?
Vendors can establish an "asking price" for the practice
A prospective purchaser can gauge the worth of a practice
A partnership maybe in dispute
You maybe thinking of converting to LLP status
You may be thinking of selling/merging your practice
Branch office/departmental disposal
Valuation maybe required by a financial institution
Death of owner/partner or for purposes of drawing up a Will
Litigation purposes such as Divorce, Family Issues etc
Criminal Proceedings – Money Laundering
We are often faced with tangled problems which have occurred due to lack of research by prospective purchasers. Our message is simple - get this asset, (i.e. the law practice) properly valued.
Law practices are after all as different as the people who run them. Each practice has its own peculiarities and way of doing things. This makes it very difficult to compare any two practices. We at Law Mergers & Acquisitions visit each and every law practice we are instructed to value and why each and every law practice is valued on its own intrinsic worth.
Firms considering adopting LLP status should ensure the law practice is PROPERLY valued as Goodwill of the business must be transferred to the LLP.
Law Mergers & Acquisitions Valuation service will give you:
A fair and professional valuation
A valuation that can be relied upon to make commercial decisions
A balanced view of your business.