Law Firm Valuation Process and Considerations
Even if you’re not in the market to sell your law firm, there are several reasons to value your firm such as a possible firm merger, securing loan financing, the addition of new partners, and other business and personal matters such as your succession/exit strategy.
According to a recent Cushman & Wakefield survey, roughly two-thirds of law firms polled spent 4-7% of gross revenue on real estate last year. While firms have been downsizing, some still spend millions of dollars on physical offices. This year, however, the practice of law has greatly shifted with many lawyers utilizing virtual offices.
As COVID-19 quickly spread across the U.S. earlier this year, lawyers in large and small firms began embarking on an unprecedented shift: remote work from anywhere through virtual offices.
“Solos,” and small firms up to nine lawyers, today comprise the majority of the U.S.’s 1.3 million lawyers. See how one solo attorney improved her overall efficiency and grew her practice using a virtual office.
Addresses centralized at transportation hubs. Small – or no – full-time support staff. There is a good reason why firms are making such drastic changes, and it’s been building for 10 years.
I grew up in a poor, single parent home. Education was my lifeline. So, when I learned of the racial disparities caused by public education funding, I became indignant. This is what inspired me to go to law school and become a civil rights lawyer. I would soon learn that there are numerous racial disparities, not only in education, but that run the gamut of employment, housing, healthcare, and especially the criminal justice system.
As the digital age continues to grow, more and more people are turning to places like Facebook and Yelp to gather information about a company. Using digital platforms allows them to read reviews as
Delgado Rompf Bruen LLC is a Chicago-based law firm representing clients in all types of immigration matters including family applications,
Amata is honored to have two of our attorney members running for Judge in the upcoming elections. To show our support and appreciation for their commitment to serving our country, we are hosting a Meet the Candidates night where you’ll be able to learn more about each candidate.
My life revolves around music and sports. Literally. When I am not training competitively for Team USA in the Pentathlon and Triathlon, I am instructing music and running my Guitar Cities music schools in Chicago, San Francisco, New York, and London.