Valuation Services

A large part of Ms Geiger's work is composed of law practice valuations.

 

Valuations are included as an integral part of the services Ms. Geiger undertakes when selling a law practice.

 

There are other situations where a valuation may be desired:

 

1.  The selling lawyer has identified an existing purchaser, whether it be a partner(s), a junior associate or a third party.  In such cases Ms. Geiger can help to determine the appropriate sale price, as well as providing basic information about the "typical" terms of a transition. 

 

Ms. Geiger no longer practices law and does not provide legal advice nor does she draft Letters of Intent or Buy-Sell agreeements; however, she can refer you to lawyers with expertise in these areas 

 

2.  A valuation of a law practice is required in a family law matter, where the lawyer and/or their spouse may consider the law practice as a potential asset and subject to division of property.  Ms. Geiger has experience in preparing such valuations and in acting as an expert witness in matrimonial law cases.

 

INFORMATION REQUIREMENTS:

 

The financial information required to prepare a valuation is five years' of financial statements; Ms. Geiger can also work from income/expense, accounting or tax records. 

 

There is additional information gathered about the practice both through a standard questionnaire as well as discussions with the seller, their accountant or other advisors to ensure that all aspects of the practice and its value are considered.

 

VALUATION FEES:

 

At present Ms. Geiger typically charges $4,500 plus HST for a valuation.  If there are any special circumstances which make the valuation particularly complex the fee may vary somewhat.  In particular if there are more than 2 lawyers in the practice a higher fee will be applicable.  The range is $4,500 for a one lawyer practice up to $7,500 for a multi-lawyer practice.

 

Valuations are performed at no additional charge where Ms. Geiger is acting to market and sell the law practice