Smart Lawyers Position to Transition
Business:Careers
As more and more lawyers are beginning to realize they can buy or sell a law firm, the opportunities to do so are increasing as well. While a conversation over a cocktail and a deal drafted on a napkin may still work for some ventures, lawyers, of all people, should know that formality is important. The first step in that formality is to have a Non-Disclosure Agreement in place when private information is going to be shared.
A “mutual” NDA is the recommended document, and the reason why a seller would want a buyer to sign one is shared at about 5 minutes into this episode. The risks of NOT having an NDA are listed at the 10-minute mark, and the separate parts of the agreement are outlined at 23 minutes. Before you even think about talking to a buyer or seller, listen to this episode!
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Why Would You Buy a Law Firm?
Should You Change the Name of Your Law Firm?
When Valuing Your Law Firm, Do You Trust Your Gut?
What Do You Value? Value Billing v. Hourly Rate Billing
Not Enough Time? Stop Selling It!
Cut the Cord Already - 3 Ways to Decrease Dependency on the Owner
Beating The Odds Pt 2: What Can You Do to Increase the Odds of Selling Your Law Firm?
Beating the Odds Pt 1: What a Kentucky Derby Champion Can Teach You About Selling Your Law Firm
Goodwill: What Is it and Can I Sell It?
So Close, Yet So Far: When Your Law Firm Sale Falls Through
Value Versus Sellability: What's the Difference?
Expanding Through Acquisition with Law Firm Owner Jonathan Sparks
Buyers, Buyers, Buyers: Finding Your Match
Show Me the Money: How Much Can You Really Expect to Get for Your Law Firm
What are the First Steps in Selling a Law Firm
Is Selling a Law Firm a Real Thing?
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