What’s it worth?
I’m often instructed to value legal practices, whether that is part of advising on a merger/acquisition, restructuring, partnership dispute or retirement. Valuations have become increasingly important during the past couple of years, particularly as we have seen major changes within the ownership and trading structure of law firms. As we move forward into the post Legal Services Act era, and as external ownership of/investment in law firms is permitted, the valuation issues will become ever more important.
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