How to Sell a Law Practice Post-2020 - Summary

In this summary, Senior Attorney Match’s Jeremy E. Pock, Esq. addresses: How can Senior Attorneys sell their law firms post-2020?

Senior Attorneys have 3 options for how to sell their law practices:

1. Join a growing law firm;

2. Structure an internal succession plan; and

3. Maintain their status quo.

And, when considering options for selling a law practice, the value of a lawyer’s practice consists of the following 4 components:

1. The client list;

2. The referral source

3. A Senior Attorney’s goodwill; and

4. A Senior Attorneys subject matter knowledge.