The SMB M&A space has cyclical trends: certain industries become hot, spurring interest, increased activity, and heightened multiples.
Longtime market observers can point to trends in dental office and home service M&A rollups as clear examples. Our next guest on Private Market Insights believes that law firms will be the next hot M&A industry due to shifting regulation, spurred by changes in California and Arizona.
Watch this latest episode in our M&A series, as we talk with Tom Lenfestey, Founder of the Law Practice Exchange.
(00:00) Introduction to Law Firm M&A and Market Trends
(01:36) Discussing Regulatory Frameworks and Law Firm Acquisitions
(07:06) Innovation in Legal Industry
(13:53) Understanding Practice Areas in Law Firms
(18:49) Ethics and Regulations in Different Markets
(21:52) Understanding Your Niche and Buyer Criteria
(25:40) Entrepreneurial Lawyers and Succession Planning
(28:42) Innovative Business Models and Strategies
(31:27) Successful Business Transaction and Transformation
(40:59) Audience Question on Social Capital in Acquiring Firms
🔗 Check out the Private Market Labs website: https://privatemarketlabs.com/
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🔗 Check out the Law Practice Exchange website: https://thelawpracticeexchange.com/
💬 Connect with Tom on LinkedIn: https://www.linkedin.com/in/tomlenfestey/
