A business broker has told me that my SME law firm is worth 3 times turnover – is this true?
in Advice

A business broker has told me that my SME law firm is worth 3 times turnover – is this true?

In a nutshell, and without spending the usual hours looking at your firm in detail; the answer is no.

Or at least for 99.9999% of law firms with a turnover of less than £10 million the answer is no.

If you think about it, how on earth could this ever happen?

Lets take a typical high street law firm.

Two partners, one office manager, three secretaries, one other fee earner.

Tur...

This is a Premium Content page. In order to view the Jonathan Fagan Business Brokers Limited Premium Content pages you need to be registered for one of the following services:

Please contact us for your login details if you are signed up to these services.