Valuing a law firm requires more than applying a blanket earnings multiple. Legal services businesses are shaped by practice mix, partner dependence, client concentration, billing discipline, and the durability of referral relationships, all of which can change the quality of earnings materially. A litigation-heavy firm with uneven case timing is not valued the same way […]
Accounting firms often look predictable from the outside because much of their work is recurring, compliance-driven, and tied to annual cycles. In valuation, however, that apparent stability can conceal meaningful differences in partner dependency, realization rates, utilization, client concentration, and the mix between recurring compliance and higher-margin advisory work. Those differences can move value materially, […]
Are you a business owner who’s preparing your business for sale? If so, then you’ll most likely need to prove to the buyer that the selling price is fair. Justifying to a potential buyer why the sale price is what it is can help your credibility and ensure a faster sale. If you’re interested in […]