[WSBAPT] Business Appraisal

[Teunis J. Wyers]

What is the context for this question? The only real assets of value in a
law practice are the desks, computers, books, etc. You cannot sell the
clients.

Is this a law practice in the estate of a deceased lawyer?  Or does this
involve a lawyer who is a party to a marriage dissolution?  Or is this a
situation where a lawyer is selling an active practice?  In the latter
situation, where the departing lawyer may have gained a good reputation in
the community, where there is a functioning law office in place, and where
that lawyer is willing to encourage his or her clients to seek future
services from the new lawyer, I have seen the use of one year's gross
revenue as a rule of thumb for a valuation.

On Thu, Jun 18, 2015 at 7:05 AM, <amanda_wilson at olypenlawoffices.com> wrote:

> Hello~
>
>
>
> Does anyone have any suggestions for getting an appraisal on a solo
> practitioner law firm? It may be that the only asset of value is the client
> list. I am not even clear how to Google this.
>
>
>
> Thank you in advance.
>
>
>
> Amanda Wilson
>
>
>
> *Amanda M. Wilson, esq.*
>
>
>
> Olympic Peninsula Law Offices, LLC
>
> 1240 W. Sims Way #115
>
> Port Townsend, WA 98368
>
>
>
> (360)437-4172 office
>
> (206)331-7851 cell phone
>
>
>
>
> *"Your words are the greatest power you have. The words you choose and
> their use establish the life you experience." -Sonia Croquette *
>
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-- 
Teunis J. Wyers @ Wyers|Wyers, Attorneys
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