Even “bad” law firms have goodwill
The case of Baker v Dorfman, 03 Civ 1168, as reported in the New York Law Journal of March 21, 2006, was interesting.
As I read the article, the case confirmed what I’ve been saying for years about the sale of law practices.
Small firms sell for less than larger firms; firms with bad publicity and malpractice & disciplinary matters hanging over their head have little goodwill; payment is seldom made up front in full, usually on a payout basis; every law firm, evenTags: Buying & Selling a Practice
Categorized in: Buying & Selling a Practice