Valuation of Law firms: Growth comes to a law firm and the attorneys in two ways which are organic and acquired. When a law firm figures out the organic growth, it could lead to speedy development. However, organic growth has some limitations.
When the Valuation of law firms decides there are locations or aspects of law they should practice or be in that they are yet to do because of being second fiddle to an already existing firm in the place or practice, organic growth won’t work here.
This is so because a law firm can’t market itself or the attorneys in the firm to areas they don’t have a presence. This leads to law firm acquisitions which births different questions such as how much to buy other law firms. The answer to the question is not straightforward, which leads to law firm valuation.