The most prestigious law school admissions discussion board in the world.
|
 |
 
|
Half a million over five years for good firm 50 year firm name.
| Chestnut Hairraiser Candlestick Maker Indian Lodge | 10/08/24 |
| Henna frum lodge volcanic crater | 10/08/24 |
| Chestnut Hairraiser Candlestick Maker Indian Lodge | 10/08/24 |
| navy nighttime dingle berry | 10/08/24 |
| Chestnut Hairraiser Candlestick Maker Indian Lodge | 10/08/24 |
| Chestnut Hairraiser Candlestick Maker Indian Lodge | 10/08/24 |
| odious chest-beating sweet tailpipe | 10/08/24 |
| Chestnut Hairraiser Candlestick Maker Indian Lodge | 10/08/24 |
| learning disabled diverse dilemma messiness | 10/08/24 |
| Crimson arousing french chef kitty cat | 10/08/24 |
| Violent piazza | 10/08/24 |
| Chestnut Hairraiser Candlestick Maker Indian Lodge | 10/08/24 |
| Confused site | 10/08/24 |
| Chestnut Hairraiser Candlestick Maker Indian Lodge | 10/08/24 |
| Confused site | 10/08/24 |
| Chestnut Hairraiser Candlestick Maker Indian Lodge | 10/08/24 |
| Confused site | 10/08/24 |
| Chestnut Hairraiser Candlestick Maker Indian Lodge | 10/08/24 |
| spectacular kitty | 10/08/24 |
| Chestnut Hairraiser Candlestick Maker Indian Lodge | 10/08/24 |
| spectacular kitty | 10/08/24 |
| Chestnut Hairraiser Candlestick Maker Indian Lodge | 10/08/24 |
| Drab hall | 10/08/24 |
| Chestnut Hairraiser Candlestick Maker Indian Lodge | 10/08/24 |
| naked double fault bbw | 10/08/24 |
| Chestnut Hairraiser Candlestick Maker Indian Lodge | 10/08/24 |
| naked double fault bbw | 10/08/24 |
| Chestnut Hairraiser Candlestick Maker Indian Lodge | 10/08/24 |
| naked double fault bbw | 10/08/24 |
| Chestnut Hairraiser Candlestick Maker Indian Lodge | 10/08/24 |
| blue friendly grandma useless brakes | 10/09/24 |
| Chestnut Hairraiser Candlestick Maker Indian Lodge | 10/09/24 |
| Exciting hideous multi-billionaire | 10/09/24 |
| vigorous temple | 10/09/24 |
| brass outnumbered menage | 10/10/24 |
| Maroon mischievous chapel therapy | 10/09/24 |
| Chestnut Hairraiser Candlestick Maker Indian Lodge | 10/09/24 |
| blue friendly grandma useless brakes | 10/10/24 |
| beady-eyed lake plaza blood rage | 10/09/24 |
| Chestnut Hairraiser Candlestick Maker Indian Lodge | 10/09/24 |
| beady-eyed lake plaza blood rage | 10/09/24 |
| Chestnut Hairraiser Candlestick Maker Indian Lodge | 10/09/24 |
| Bright kitchen mental disorder | 10/09/24 |
| Chestnut Hairraiser Candlestick Maker Indian Lodge | 10/09/24 |
| Comical Rough-skinned Heaven Gaping | 10/09/24 |
| excitant startled ceo | 10/09/24 |
| marvelous slimy hairy legs | 10/09/24 |
| Bright kitchen mental disorder | 10/09/24 |
| Electric mahogany nursing home associate | 10/09/24 |
| Comical Rough-skinned Heaven Gaping | 10/10/24 |
| buff athletic conference | 10/10/24 |
| insanely creepy razzle crotch macaca | 10/10/24 |
Poast new message in this thread
Date: October 8th, 2024 7:23 PM Author: Chestnut Hairraiser Candlestick Maker Indian Lodge Discuss. Only those who know what they are talking about please (http://www.autoadmit.com/thread.php?thread_id=5608712&forum_id=2#48178402) |
Date: October 8th, 2024 7:26 PM Author: Henna frum lodge volcanic crater 50 year what?
$100k per year? |
 |
Date: October 8th, 2024 7:28 PM Author: Chestnut Hairraiser Candlestick Maker Indian Lodge Good question
$2 milllion real money paid back from cases. 500k for the name etc. two Dozen appellate decisions w our firm name |
|
Date: October 8th, 2024 7:30 PM Author: navy nighttime dingle berry Same situation in Mango Land not flame (http://www.autoadmit.com/thread.php?thread_id=5608712&forum_id=2#48178430) |
|
Date: October 8th, 2024 7:34 PM Author: Chestnut Hairraiser Candlestick Maker Indian Lodge Do it. (http://www.autoadmit.com/thread.php?thread_id=5608712&forum_id=2#48178442) |
|
Date: October 8th, 2024 7:38 PM Author: Chestnut Hairraiser Candlestick Maker Indian Lodge 3 to five years easily ending w $3 million retirement minimum. It ain’t great but it ain’t bad either. (http://www.autoadmit.com/thread.php?thread_id=5608712&forum_id=2#48178459) |
|
Date: October 8th, 2024 7:38 PM Author: odious chest-beating sweet tailpipe youre buying a law firm? sounds horrible (http://www.autoadmit.com/thread.php?thread_id=5608712&forum_id=2#48178465) |
|
Date: October 8th, 2024 7:39 PM Author: Chestnut Hairraiser Candlestick Maker Indian Lodge Thanks (http://www.autoadmit.com/thread.php?thread_id=5608712&forum_id=2#48178470) |
|
Date: October 8th, 2024 10:20 PM Author: learning disabled diverse dilemma messiness (http://www.autoadmit.com/thread.php?thread_id=5608712&forum_id=2#48179159) |
|
Date: October 8th, 2024 7:45 PM Author: Crimson arousing french chef kitty cat (http://www.autoadmit.com/thread.php?thread_id=5608712&forum_id=2#48178494) |
|
Date: October 8th, 2024 7:40 PM Author: Violent piazza lol spaceporn (http://www.autoadmit.com/thread.php?thread_id=5608712&forum_id=2#48178473) |
|
Date: October 8th, 2024 7:41 PM Author: Chestnut Hairraiser Candlestick Maker Indian Lodge Schizophrenic ssd only goes so far (http://www.autoadmit.com/thread.php?thread_id=5608712&forum_id=2#48178479) |
|
Date: October 8th, 2024 7:47 PM Author: Confused site buy buying that little asian boy worked so well! (http://www.autoadmit.com/thread.php?thread_id=5608712&forum_id=2#48178502) |
|
Date: October 8th, 2024 7:49 PM Author: Chestnut Hairraiser Candlestick Maker Indian Lodge Satan is setting your thermostat right now
Tell him what you want |
|
Date: October 8th, 2024 7:51 PM Author: Confused site we all want sp to leave that boy alone (http://www.autoadmit.com/thread.php?thread_id=5608712&forum_id=2#48178515) |
|
Date: October 8th, 2024 7:52 PM Author: Chestnut Hairraiser Candlestick Maker Indian Lodge Yeah change that moniker I’m sure it won’t fool Angelic orders (http://www.autoadmit.com/thread.php?thread_id=5608712&forum_id=2#48178523) |
|
Date: October 8th, 2024 7:53 PM Author: Confused site sp only makes 50k/yr anyway (http://www.autoadmit.com/thread.php?thread_id=5608712&forum_id=2#48178526) |
|
Date: October 8th, 2024 7:58 PM Author: Chestnut Hairraiser Candlestick Maker Indian Lodge Why am I so poor as that? (http://www.autoadmit.com/thread.php?thread_id=5608712&forum_id=2#48178556) |
|
Date: October 8th, 2024 7:45 PM Author: spectacular kitty I would expect someone in a position to do this to know very well if they could bank an extra hundred k a year sitting where they are or do exactly as well starting fresh, it really does depend entirely upon that (http://www.autoadmit.com/thread.php?thread_id=5608712&forum_id=2#48178496) |
|
Date: October 8th, 2024 7:47 PM Author: Chestnut Hairraiser Candlestick Maker Indian Lodge Yeah but I’m gen x follow your bliss idiot (http://www.autoadmit.com/thread.php?thread_id=5608712&forum_id=2#48178500) |
|
Date: October 8th, 2024 7:56 PM Author: spectacular kitty then you're a 50 year old at a law firm in a market you really should have figured out by now (http://www.autoadmit.com/thread.php?thread_id=5608712&forum_id=2#48178547) |
|
Date: October 8th, 2024 8:03 PM Author: Chestnut Hairraiser Candlestick Maker Indian Lodge Sure but in the end I’m a better lawyer than I have any right to be and will have a comfortable retirement for wife who banked everything on me.
I can’t help my birth position and mileu. All I can do is call the bullshit sooner or later and make the best i can w my own priorities in mind |
|
Date: October 8th, 2024 10:29 PM Author: Drab hall It is exactly this. The firm name and existing business, good will, etc is worth exactly zero. Keep the owner as a partner emeritus and pay them through the proceeds from existing cases. Do not agree to pay one red cent for the business. You’re a service providing professional and brand is dead. (http://www.autoadmit.com/thread.php?thread_id=5608712&forum_id=2#48179206) |
|
Date: October 8th, 2024 10:39 PM Author: Chestnut Hairraiser Candlestick Maker Indian Lodge Partner stays on w salary for a few years. Worth it under any circumstance.
25% of new business is nieces and cousins of former old school clients looking for retired partners.
Really old retired partner is on dozens of appellate decisions and changed local law about how state senators could continue cases at will based on “legislative privilege” lol |
|
Date: October 8th, 2024 10:36 PM Author: naked double fault bbw Guy I worked for wanted to sell me his firm for 1m. I declined, we negotiated, his final offer was a little over 500k. I strongly considered it, the firm had a good rep. Decided it was too expensive, started my own firm for about 50k, took 3 years before we matched the old firm's revenue. Saved myself 450k.
A law form is only worth what’s in the hopper. I hope to sell my firm some day for maybe 100k unless some total idiot demands to pay me more. |
|
Date: October 8th, 2024 10:40 PM Author: Chestnut Hairraiser Candlestick Maker Indian Lodge He was asking too much unless he was former state senator with continuing pull in two or three towns with majority of racial minorities. What he was offering was maybe $250k at best. |
|
Date: October 8th, 2024 10:48 PM Author: naked double fault bbw He’s still there. Probably trying to sell it to one of his new guys. (http://www.autoadmit.com/thread.php?thread_id=5608712&forum_id=2#48179272) |
|
Date: October 8th, 2024 10:49 PM Author: Chestnut Hairraiser Candlestick Maker Indian Lodge Good for him. Not worth shit now if it’s just him though. (http://www.autoadmit.com/thread.php?thread_id=5608712&forum_id=2#48179275) |
|
Date: October 8th, 2024 10:52 PM Author: naked double fault bbw Nah he replaced me and another guy with new guys. It’s still a good firm. I’ll be interested to see if one of the new guys takes the bait. (http://www.autoadmit.com/thread.php?thread_id=5608712&forum_id=2#48179290) |
|
Date: October 8th, 2024 10:54 PM Author: Chestnut Hairraiser Candlestick Maker Indian Lodge lol what’s he opening with?
I’m busting my ass to have a good 2025 right now btw |
|
Date: October 9th, 2024 6:10 AM Author: blue friendly grandma useless brakes OP, beware of looking at only the best case scenario. And beware of looking at some middle tier outcome as the worst case scenario. The worst case scenario in buying a small business is that you walk away with nothing, which is actually less than nothing because you owe debts that you took out to buy or operate the business.
Sellers of small businesses take on massive levels of situational dishonesty. This guy might be a nice person, even an upstanding citizen. But when it comes to a once in a lifetime transaction, for what is a lot of money to him, he may become a different person. He could lie about what's going on in the business, fabricate data, steal assets both before and after closing, all kinds of crazy stuff. I've seen it many times.
Buying a business can be great, but it can also be terrible. You have to be extremely aggressive about protecting your interests and paranoid about all the ways you could get screwed. |
|
Date: October 9th, 2024 10:05 AM Author: Chestnut Hairraiser Candlestick Maker Indian Lodge (http://www.autoadmit.com/thread.php?thread_id=5608712&forum_id=2#48180206) |
|
Date: October 9th, 2024 7:13 AM Author: Exciting hideous multi-billionaire When I was fresh out of law school I worked for a guy who considered buying a famous firm name but instead decided just to start his own firm with almost exactly the same name. Morgin and Morgin is now one of the largest personal injury firms in America. (http://www.autoadmit.com/thread.php?thread_id=5608712&forum_id=2#48179970) |
|
Date: October 9th, 2024 7:19 AM Author: vigorous temple LMAO (http://www.autoadmit.com/thread.php?thread_id=5608712&forum_id=2#48179972) |
|
Date: October 10th, 2024 12:17 PM Author: brass outnumbered menage (http://www.autoadmit.com/thread.php?thread_id=5608712&forum_id=2#48183934) |
|
Date: October 9th, 2024 10:09 AM Author: Maroon mischievous chapel therapy i do quite a bit of small business sale/purchase work. don't see how it would be worth it to buy a law firm. (http://www.autoadmit.com/thread.php?thread_id=5608712&forum_id=2#48180209) |
|
Date: October 9th, 2024 10:22 AM Author: Chestnut Hairraiser Candlestick Maker Indian Lodge You'd agree every situation is different.
|
|
Date: October 10th, 2024 6:06 AM Author: blue friendly grandma useless brakes In all fairness to OP, a PI firm is more like a normal business than most law firms. You have non-attorney staff doing most of the work, and it's not as easy for them to leave as a lawyer. You have some kind of infrastructure to create a pipeline like advertising, billboards, SEO/web presence, etc. There's an actual business to buy into, whereas most traditional law firm partnerships are more like professional associations of solos at their core.
That being said OP, huge chance of getting screwed here if you're not careful. Like I said above, be paranoid about how the seller might take advantage of you. Try to get the better end of the deal. And don't be afraid to walk away. |
|
Date: October 9th, 2024 10:11 AM Author: beady-eyed lake plaza blood rage Need revenue projections obviously. But you could pay zero and double your own hustle. (http://www.autoadmit.com/thread.php?thread_id=5608712&forum_id=2#48180215) |
|
Date: October 9th, 2024 10:21 AM Author: Chestnut Hairraiser Candlestick Maker Indian Lodge Yes we've studied revenue projections. The only bad year was covid. A bad year is about a Million after everything, which, would mean only $250K on my 25 percent share.
But we are stacked with good cases for next year (2025) and there's no reason to think we can't continue stacking good cases if we hustle on getting those trial dates and work the cases up quickly. A good year is $3 Million and a positively Great Year is $4 Million. Also, I like the infrastructure and hopefully we can keep most of our good paralegals, who are essential to a PI firm.
|
|
Date: October 9th, 2024 10:29 AM Author: beady-eyed lake plaza blood rage lol, ur gonna die (http://www.autoadmit.com/thread.php?thread_id=5608712&forum_id=2#48180248) |
|
Date: October 9th, 2024 10:57 AM Author: Chestnut Hairraiser Candlestick Maker Indian Lodge Why? People do this every day of the year. (http://www.autoadmit.com/thread.php?thread_id=5608712&forum_id=2#48180308) |
|
Date: October 9th, 2024 11:15 AM Author: Bright kitchen mental disorder please please do this. it is an absolutely terrible idea and will end in disaster but it will be solid gold xo content. (http://www.autoadmit.com/thread.php?thread_id=5608712&forum_id=2#48180370) |
|
Date: October 9th, 2024 12:18 PM Author: Chestnut Hairraiser Candlestick Maker Indian Lodge I'm going to make over half a million in 2025. (http://www.autoadmit.com/thread.php?thread_id=5608712&forum_id=2#48180585) |
|
Date: October 9th, 2024 11:25 AM Author: Comical Rough-skinned Heaven Gaping You'll get in everywhere you apply (http://www.autoadmit.com/thread.php?thread_id=5608712&forum_id=2#48180384) |
|
Date: October 9th, 2024 11:30 AM Author: excitant startled ceo The only firm names that mean anything are top biglaw firms like Jackson Lewis or Williams O'Connolly (http://www.autoadmit.com/thread.php?thread_id=5608712&forum_id=2#48180406) |
|
Date: October 9th, 2024 11:31 AM Author: marvelous slimy hairy legs Bryan Cave Kelley Drye Ropes Gray
Honor them |
|
Date: October 9th, 2024 11:39 AM Author: Bright kitchen mental disorder i’m sure his retard hornhonk clients will be extremely impressed that some silent gen name partner scored an appellate court victory on an arcane point of procedural law in 1987. (http://www.autoadmit.com/thread.php?thread_id=5608712&forum_id=2#48180425) |
|
Date: October 9th, 2024 2:56 PM Author: Electric mahogany nursing home associate Always found it odd that you can just buy an old attorney's name for marketing when they don't practice anymore.
Like there must be some non-negligible % of people who think Johnny Cochran is their attorney |
|
Date: October 10th, 2024 8:30 AM Author: Comical Rough-skinned Heaven Gaping If you refuse to pay $500k do they have someone else lined up to buy it for $400k? (http://www.autoadmit.com/thread.php?thread_id=5608712&forum_id=2#48183356) |
|
Date: October 10th, 2024 8:41 AM Author: buff athletic conference Wouldn't this entirely depend on the firm's business model? If it's a particular attorney's reputation, obviously this has zero value to you. If they have some established perpetual pipeline of cases that you are buying access to, that would make sense but also beg the question why the partner would want to sell it rather than just sit back and take his cut while other people manage the firm and work the cases. (http://www.autoadmit.com/thread.php?thread_id=5608712&forum_id=2#48183373) |
|
Date: October 10th, 2024 9:23 AM Author: insanely creepy razzle crotch macaca There may be some exotic, or at least marginal, cases where it makes sense, but as a general proposition it’s a LJL-tier idea. In my market it never, ever happens, including with guys who have serious brand equity (you just become a “partner” with the worthless old drunk who’s face is on billboards but has lived in Hawaii for 13 years now… you get to make sure that faggot has skin in the game, and once you’re in you actually have leverage to minimize the absentee partner’s cut down to a very fair price). (http://www.autoadmit.com/thread.php?thread_id=5608712&forum_id=2#48183426) |