Topline Valuation Group shares a challenge/solution story about one of its recent cases.
The founding partners of a respectable, midsize debt collection law firm considered elevating several senior employees to partnership status. These were tenured staff, and they played a critical role in the firm’s day-to-day success. The partners recognized their valuable contributions and wanted to reward them for their efforts while providing succession within their firm.
The Challenge: The partners needed to make sure that this move was in the firm’s best interests. To do so, they engaged Topline Valuation Group to determine the fair market value of the enterprise.
The Solution: Topline’s experts evaluated the firm’s historical and current financial performance, paying particular attention to top line revenue and bottom line profitability. They also reviewed client performance, capital expenditures, the impact of pending lawsuits against the firm, the leadership team and other critical attributes impacting the value. Finally, they prepared a valuation for the law firm for the purpose of distributing shares to the management team.
Now, the founding partners can make an informed decision on how best to promote senior leadership.
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Contact Adam Freedenberg today for a confidential discussion of your valuation needs.
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