Preparing a Family Law Firm for Sale with Tom Lenfestey - #46

The J. Sterling Hughes Show

Tom Lenfestey is the founder of The Law Practice Exchange. He's also a practicing North Carolina attorney, licensed CPA, and Accredited Business Intermediary.
Tom is one of North America's most knowledgeable experts on selling a law firm.
In this fascinating conversation we discussed:

• State of M&A in law
• People law firms v. Business law firms
• Law firm ownership deregulation
• Family law firm valuations
• Best practices to maximize law firm value on an exit
• The Law Practice Exchange
• Using the SBA to fund a law practice purchase

-------------------------
Follow me on: LinkedIn - YouTube - X - Instagram - TikTok
I’m here to share my law firm’s secrets, tactics, and strategies of how we have grown from 0 to 25 attorneys and over $15m in revenue in our first nine years.
Yes! It’s true--even if you compete directly with us. I want to tell you the gritty truth on what worked, what failed, and where we are aiming next.
Here’s why.
My teammates and I envision transforming how family law clients are served.
And we can’t transform the practice of law all by ourselves. We need more lawyers growing their practice, kicking butt / taking names, and winning along with us.
So, follow me and ring that bell up top to get all my latest disclosures.
You can subscribe to "The J. Sterling Hughes Show" Podcast. I go into a ton of detail in the podcast.
My YouTube channel is @JSterlingHughes.
When I’m not spilling the goods on our firm's story, I am Winona’s husband, and our six kids' daddy. ❤️
I also love me some fishin’ as often as I can. It’s also occasionally fun to catch a fish too!