Pathways Management LLP

This Practice Note is intended for law firms and explores the ways law firms can be valued. It sets out a worked example of an earnings-based valuation (discounted economic income). While there are a number of traditional ways of valuing law firms, this tends to be the way investors value a business. This Practice Note is produced in partnership with Pathways Management LLP.

This Practice Note explains what succession planning involves and why it is important for all firms.

This Practice Note explains how law firm valuation methods have changed in recent years and what is a realistic approach to valuing your firm.

This Checklist, produced in partnership with Pathways Management LLP, will help you to assess whether a merger, acquisition, sale or closure of a law firm is likely to create a successor practice and to deal with the implications of creating one. It is intended for law firms.