How do you figure out what your law firm is worth? And why would you need to do so in the first place?
Whether you’re planning to retire or simply sell off your firm, there are crucial factors you need to consider before making any decisions.
In this episode, I sit down with Bharat Kanodia, who has valued over 2000 businesses and signed off on assets worth $2.6 trillion in value.
He has appraised unique assets like the Golden Gate Bridge, Atlanta Airport, Uber, Airbnb, Yahoo!, Brooklyn Bridge, Mirage Casino LV, among many others.
Bharat is the Founder of Veristrat, a company that helps startup founders and VCs by telling them what their companies are worth. He lives in the San Francisco Bay area with his family and enjoys sailing, golfing, skiing, and horseback riding.
Bharat gives listeners actionable tips on:
[1:10] Why you would need a valuation on your firm
[4:00] What you’re looking for in a valuation
[9:45] The importance of looking at valuation from the potential buyer’s perspective
[13:15] How to figure out your valuation
[15:10] The process of getting a valuation
[26:00] Bharat’s book recommendation
Resources mentioned in this episode:
What's a Law Firm Worth? | Bharat Kanodia | Ep. 19
What’s a Law Firm Worth? | Veristrat Inc.
Bharat Kanodia's Articles | Inc.com
Never Split the Difference: Negotiating As If Your Life Depended On It by Chris Voss
Connect with Bharat here:
https://veristrat.com
Connect with me
Karin on Twitter
Karin on LinkedIn
Conroy Creative Counsel on Facebook
https://conroycreativecounsel.com
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