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Author: Jen Workman

Work in progress

Unravelling the reasons behind failed law firm merger discussions

November 29, 2023 Jen Workman

In the legal industry, mergers and acquisitions have become a prevalent strategy for law firms seeking to enhance their competitive edge, expand their client base, and bolster their expertise. However, […]

 Case Studies

How changes to financial reporting could impact your business valuation

October 9, 2023October 23, 2023 Jen Workman

Proposed changes to accounting standards could significantly impact the technical valuation of your business. FRS 102 is the Financial Reporting Standard applicable in the UK and the Republic of Ireland, […]

 Case Studies
How to value a law firm

How to value a law firm

September 6, 2023 Jen Workman

Whether you are selling your law firm due to retirement or buying a firm to allow you to expand and grow, valuation is often the key point for consideration and […]

 Case Studies
Buying or selling a law firm

Buying or Selling a Law Firm – Limited Company or Partnership/LLP Structural Issues

August 7, 2023August 7, 2023 Jen Workman

As solicitors we are involved in many law firm sales and purchases each year and the structure of both the buyer and seller (we often say that there is no […]

 Case Studies
Handshake

What factors do we think will drive merger activity in 2022?

January 26, 2022 Jen Workman

Firstly, happy new year to you all from all of us at ALFMA. I expect we can all agree that 2021 was a surprisingly good year for law firms, the […]

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Employee Ownership Trust

Employee Ownership Trusts – a “friendly“ buyer for your law firm

December 14, 2021December 14, 2021 Jen Workman

“Not as much as you think” is the often-heard answer to the question “What is my law firm worth?.  Partners wishing to realise value have often been faced with this […]

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2022: Could it be a year of drama for the legal sector?

November 10, 2021 Jen Workman

As we come to the end of 2021, which for many of us has felt like one long slog since the first lockdown of 2020, here I provide a quick […]

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Law firm due diligence

Reverse due diligence in law firm mergers

September 21, 2021 Jen Workman

Reverse due diligence is the process where the partners whose law firm is being acquired conduct some due diligence on the buying firm.  This is to check their finances are […]

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Unlocking the merger dividend

Unlocking the client dividend in a merger

August 31, 2021September 1, 2021 Jen Workman

Any merger should seek to build a sustainable competitive advantage. What this means in practice is that vision is needed to create a client proposition which is more compelling than […]

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Crossroads

At the Crossroads – what the legal profession will look like post pandemic

July 14, 2021July 14, 2021 Jen Workman

In a number of recent surveys it is apparent that most Legal Practices are in a better position financially now that they were before March 2020 but will this last? […]

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