How much is a Law Firm worth?

How do I value an organization of professionals providing legal services? Do I determine an average of recurring revenues over a historical period and multiply that number by “x”? Regardless of the structure of the professional organization, it is important to take into account their peculiar nature, which is to provide services that add value through the knowledge, training and experience of its members; the valuation is not really dependent on physical assets but on the intangible that makes up the quality of the service and the capacity of those who provide it. The panelists will present practical experiences in the valuation of legal practices as well as the particular factors taken into account when arriving at concrete numbers and recommendations.

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