Smart Lawyers Position to Transition Profit or Illusion: Understanding Net Profit, EBITDA, and SDE When Selling Your Law Firm
Think you know your firm's profit? Think again. In this episode, host Victoria Collier breaks down one of the most misunderstood parts of selling a law firm: the true meaning of profit.
Victoria explains the critical differences between Net Profit, EBITDA, and SDE—and how each number tells a very different story about your law firm's financial health and value. Whether you're still growing your practice or preparing to sell, understanding these metrics can mean the difference between a fair price and leaving hundreds of thousands on the table.
You'll learn • Why "profit" isn't a one-size-fits-all term • The big mistake law firm owners make when relying on their tax returns • How EBITDA and SDE reveal your firm's true earning power • What buyers are really looking for in your financials • How to use these numbers to increase your valuation and negotiation leverage
Victoria Collier is a seasoned attorney, entrepreneur, and expert in law firm sales and valuations. With a background in law and accounting, including her prior military service and CPA training, she brings a unique perspective on the financial intricacies of business valuations. Victoria helps transform law firms into more valuable and sellable businesses, guiding attorneys through life after law.
We want to hear from you!
You can leave us a rating and review in Apple Podcasts. Click here and then scroll down the page to the rating and review section.
You can also leave us a rating in Spotify by clicking here.
Connect with Victoria Collier
Private Facebook Group
https://www.facebook.com/groups/1284225722042602
https://www.linkedin.com/company/victoria-collier-coaching/