Law Firm Valuation - Parts I, II and III
The valuation of a law firm is affected by many factors, especially the purpose of the valuation. Law firms may need to be valued for a variety of reasons, including:
- Estate planning
- Marriage dissolution
- Insurance coverage
- Capital buy-in of a new owner
- Capital buy-out of a withdrawing owner
- Dissolution of a firm
- Merger or acquisition
The exercise of valuing a law firm is more art than science, and a universally accepted approach to law firm valuation does not exist. The appropriate valuation methodology to use depends upon the objective of the valuation...
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