What’s it worth? Understanding valuations in law firm acquisitions
Abstract: Merger and acquisition activity remains steady in the legal industry. There are many questions to ask and avenues to pursue as part of due diligence in a merger. Among the most important is the value of the other firm, taking into account such factors as its assets, liabilities and ability to generate revenues into the future. This article looks at how law firms are valued compared to other businesses, different valuation methods, and adjustments to valuations specifically for law firms.