u/DumbledoresBarmy

Purchasing a Law Firm - What's a Fair Price?

I am in negotiations to purchase a small law firm that practices in a niche field that is also fairly competitive. The situation is fairly unique -- I used to work with an attorney who retired and continued doing the work, while his widow (also an attorney, but she lives in another state) took ownership of the firm. The widow now wants to sell the firm and I am interested in purchasing, but one or two others are sniffing about, as well.

I have yet to be provided financials, but I'd like to structure the deal so that I'm paying based on a percentage of revenue coming through the door, not a large up front payment. Is there any standard way of structuring these deals? I have looked online and the answers were inconsistent. Thanks.

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u/DumbledoresBarmy — 5 days ago
▲ 9 r/hawks

What is the Hawks Trade Capital Worth?

Suppose a player that the Haws liked started dropping -- maybe someone like Smits, Verhoeff, or Rudolph. Could Florida + Edmonton's first rounders next year get us back in the top 10? If not, what if we supplemented with one or more of our seconds this year?

We just lost Jack Pridham because, allegedly, there were too many young prospects in the system that would block his path. IMO, it's worth it to grab a defenseman who falls (assuming it's not a huge overpay, of course) prioritizing quality over quantity.

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u/DumbledoresBarmy — 5 days ago