Whether you’re just starting a law firm or have many years of building one up, most of us never think about selling the firm we’ve built. If you’ve never thought about it before, now is the best time to start. Remember: putting this off can be tricky. When you’re desperate to sell, you’ll accept any price, devaluing the effort and years you’ve put into the firm.
The solution? Plan with the end in mind, even if you think you’ll never sell your business.
In this episode, Victoria Collier joins us to share her insights on the value of having an exit plan. It’s not just about selling — it’s about creating a valuable law firm. Victoria also shares the ins and outs typical of a law firm purchase or sale.
We never know when we’ll need to sell our law firm, and whether or not it happens, planning for it is important.
If you want to build a more valuable law firm and learn about exit strategies, then this...