Selling a law firm isn’t as easy as just putting it for sale on Craigslist. (Pro tip: don’t do that.) You need to do a bit of prep work before you list your practice for sale. Besides determining the valuation of your law firm, you also need to make sure that the sale of your practice is ethically compliant, that your clients are aware of the sale and will be taken care of, and that any practical considerations are also addressed, such as whether furniture will be part of the sale, and what will happen with staff and colleagues. There’s a lot to do, but it shouldn’t feel daunting. You can get it done.
Selling a Law Firm
Selling a law firm takes more than just listing it for sale. There are a variety of ethical and practical considerations to ensure a smooth transaction.