Smart Lawyers Position to Transition Diving Deeper into Due Diligence
Jan 26, 2023
14:54
In this episode, we discuss the five key areas of due diligence for successful law firm transactions. From legal and financial due diligence to operational and real estate due diligence, you'll gain valuable insights on how to protect your investment and make informed decisions. Plus, you'll discover the importance of understanding the culture of the firm and its people.
Listen to: 👉 Understand the importance of legal due diligence in law firm transactions, including performing a debt search and analyzing the accounting system for tax consequences and benefits. 👉 Learn how to conduct effective financial due diligence, including reviewing balance sheets, PNLs and checking the firm's policies and procedures. 👉 Gain insights on real estate due diligence including performing a deep dive into the fair market value of the property and how it can be utilized in the future.
👉 Understand the culture of the real estate and the law firm, as well as its people, for making informed decisions about buying or selling a law firm.
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