DID YOU KNOW THAT YOU ARE SITTING ON ONE OF THE MOST VALUABLE ASSETS IN THE STATE?
A solo practice and a small general partnership or law firm are now some of the most valuable legal entities in the State. As the bottom has fallen out of legal employment market, evidenced by Tennessee ranking forty-nine (49) out of fifty (50) states as it relates to the number of active licensed resident lawyers, law practices have become extremely valuable assets. Twenty (20) years ago it was next to impossible to sell your practice. Now, unemployed attorneys and newly graduated law students look at these practices as a lifeline to employment.
Lawyers Incorporated was formed to help meet the demand that the market has created. There is absolutely no cost to you to sit down with one of our representatives to talk about the best way to sell your practice when the time comes. Remember, selling a law practice is not like selling a house or a car because sometimes it takes three or four years to match the seller with the right buyer. It is never too early to begin thinking about evaluating your asset.
The advice that we give is invaluable.
How Do I Get Started?
When should I call Lawyer’s Incorporated? The earlier the better. It takes an average of 18 months to 3 years to effectively match a prospective buyer that fits the parameters of how you want to sell your practice. The longer lead time allows us to match you with a buyer interested in purchasing a practice where your practice is located. The team of Lawyers Incorporated. suggests that once you begin “thinking” about retiring, it is important to make the call and let our team of professionals sit down with you to go over your options.