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, […]

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, […]

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 […]

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 […]

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 […]

“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 […]

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 […]

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 […]

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 […]

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? […]