Preparing to Sell Your Law Firm: One Year Out

You’ve decided to sell your law firm, and the countdown is on—just one year to go. What should you be doing right now to ensure a smooth and profitable transition? In this episode of Smart Lawyers Position to Transition, Victoria Collier breaks down the most important steps to take when you’re a year away from selling. From financial preparation to client transitions, staff considerations, and legal must-haves, this episode is packed with actionable insights to help you navigate the final stretch. Whether you’re deep into planning or just starting to think about an exit strategy, this conversation will set you up for success.

Key Takeaways

1.⁠ ⁠The essential financial adjustments you need to make before listing your firm for sale.
2.⁠ ⁠How to prepare your team and clients for a seamless transition while maintaining confidentiality.
3.⁠ ⁠Why planning for life after law is just as important as preparing your firm for sale.

Victoria Collier is a seasoned attorney, entrepreneur, and expert in law firm sales and valuations. With a background in law and accounting, including her prior military service and CPA training, she brings a unique perspective on the financial intricacies of business valuations. Victoria helps transform law firms into more valuable and sellable businesses, guiding attorneys through life after law.

 

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