Episode 3 of the Ask the Law Firm Seller Show includes 3 segments. In Segment 3, host, Jeremy E. Poock, Esq., presents the following “Poock’s Post:” When is the Right Time to Sell a Law Practice? Poock points out the following indicators for when attorneys should know that now is the right time to sell: (1) Upon realizing that a would-be Internal Successor is really not ever going to purchase your law firm; (2) Recognizing that Growth by Acquisition has arrived to the legal industry; (3) Personal reasons such as wanting to spend more time outside of the office post-Covid; (4) You’re not generating as much business as yester-year; and (5) Disinterest to renew a multi-year office lease. Poock also describes the importance of Synergy Value when selling a law practice to a Growing Law Firm.
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