Tom Lenfestey, founder and CEO of the Law Practice Exchange, discusses the vibrant market for buying and selling law firms. He details why some firms are ripe for sale while others aren't, emphasizing the importance of solid processes and updated technology. Tom highlights the emotional hurdles that can derail deals, urging a mindset shift for law firm owners. He offers insights into valuing firms, the key role of employees, and provides practical book recommendations to help lawyers navigate these complex transitions.