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Valuation of a Law Firm and a Law Practice

By James D. Cotterman

Part One, last month, discussed the current state of law firm valuation, how to determine what it is that is being transferred, and a few of the methods used for valuing a law firm. Part Two will examine a possible solution to the differing valuation methods and look at issues that arise in an external transfer when someone outside of the firm is interested in buying it.

The Profit Sharing/Earn-Out Model (A Potential Solution)

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