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.
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.