There is an insidious misunderstanding that I hear from attorneys, which leads far too many in our field to lose out on capitalizing on the years of hard work they’ve spent building up their firms.
Despite what rumors, gossip, or “veteran advice” you hear, you are absolutely allowed to sell your law firm! In 1990, the ABA promulgated Model Rule 1.17 “Sale of Law Practice,” which most states (including Florida) adopted in one form or another. In 2002, the rules were even updated to allow the sale of a individual practice areas as well.
But just because you are allowed to sell your practice doesn’t mean you will be able to—you need to ensure you have a salable asset and sufficient time.
In this video, we will dispel these myths and misunderstandings that surround the question: “Can I sell my law firm?” Then, learn why early planning of an exit strategy is key to a successful sale.
Smart Planning for Your Most Valuable Asset
You’ve worked hard to build your firm—now cash in on the investment! Our guide will explain the sale process and show you how to estimate the value of your firm, how to prepare your firm for sale, and much more.
Set yourself apart from other attorneys. Download our guide and say very loudly, “I want to…
Working with Alexander Abramson
As a successful attorney you should be excited about the potential of selling your firm and increasing your retirement fund. With the right help and the right advisors, you can effect a profitable and successful sale of your law practice with about the same mental and emotional hassle as just closing the doors—it just takes some extra planning!
Regardless of whether you want to sell by the end of the year or in 5 years, the first step on your path to selling your law firm and capitalizing on the investment you’ve made is a Sale Readiness Assessment.
We will help you identify your firm’s strengths and weaknesses and develop a transition strategy that fits your circumstances. Call us today at (407) 649-7777 or email a team member to schedule a Sale Readiness Assessment.
