William F Brennan

August 13, 2018 | Pro Mid Market

I am often asked this question by the owner of a law firm who is contemplating his or her exit strategy. The amount invested in the law firm may comprise a significant portion of the individual's estate.

By William F. Brennan

6 minute read

March 09, 2018 | Pro Mid Market

Establishing the value of a law firm is complicated; there is no simple "rule of thumb."

By William F. Brennan

6 minute read

March 31, 2017 | The Legal Intelligencer

A successful law firm owner in his late-'60s asked me if I could ­prepare a formal valuation of his small personal injury law firm because he intended to retire and sell his firm. His law firm enjoyed an excellent reputation due to his 35 years of hard work in the community, combined with a continuous branding campaign via radio, highway billboards and church bulletin advertisements. He made a high six-figure profit every year. He was proud of his firm's accomplishments and considered himself financially successful. Unfortunately, he had just been diagnosed with inoperable cancer. He was the sole owner of the law firm and had no exit ­strategy in place. He asked for a proposal to provide the services he described. A few days later he was rushed to the hospital in an ambulance because his health ­deteriorated suddenly.

By William F. Brennan

16 minute read