Understand how ownership interests in law firms are valued. How does a valuer determine fair value for interests in legal firms for relationship property division, partnership or estate disputes, or for merger or new partner admission negotiations? What are the key drivers of value and how can value be recognised? Is there business value that can be separated from personal reputation? 

Who Should Watch

Barristers or litigation lawyers specialising in relationship property, general practitioners thinking about selling their practice, lawyers considering purchasing a practice or becoming equity partners in or owners of a law firm, partners in firms wanting to assess if their current partnership entry/exit model is appropriate.

Presenters

Sam Bassett, Director, Moore Markhams Chartered Accountants Auckland

Belinda Young, Senior Manager, Moore Markhams Chartered Accountants Auckland 

Learning Outcomes

• Gain a better understanding of how law firms are valued in theory and in practice.
• Gain insights into the key drivers of value in law firms. 
• Get to grips with how legal firm valuation interacts with s 15 economic disparity calculations. 
• Become apprised of relevant case law where the Courts have needed to determine the value of interests in law firms.
• Benefit from understanding the difference between goodwill value and funding requirements (partner capital or current accounts) in firms.
• Gain a better understanding about the drivers of value. What can you do to increase the value of your interest in a firm?