Partnership offer review

What is it?

An independent appraisal of an offer an individual may be considering by an adviser that works solely advising business on all aspects of business in the legal sector.

Who is it for?

Any legal professional who has received an offer to join a legal firm at owner/manager level and would value an independent appraisal of the offer.

What are the benefits for you?

1. An independent appraisal of an investment opportunity from a specialist legal sector adviser
2. A greater understanding of an offer, the firm and their financials
3. Identification of risks and queries that may assist in future negotiations in relation to the offer
4. The ability to take appropriate action from and an informed position

What do I have to do?

Contact us to provide the initial information so we can engage with you as an individual ensuring there are no conflicts. Provide us with the deliverables noted below. Be available for a phone call where we will share with you our thoughts on the documents delivered.

What are the deliverables?

1. A copy of the formal offer
2. Copies of the last three full years accounts including full profit and loss account and balance sheet
3. A copy of the firm’s latest management information which should show the performance in the year to date
4. The governance document – i.e. partnership agreement/members agreement/shareholders agreement as appropriate.

What is the cost?

Our charges for reviewing the information and then holding a call with you to discuss our views and suggest questions to ask are £1,720 + VAT, which is the fixed fee payment in advance price. Should you need anything in writing, additional fees would be payable, and we agree whether that would be required in the call.

How long will it take?

We aim to work around your timescales but estimate two weeks covering the full take on process, reviewing and the summarising call.