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Email: peter @ peterfrankl .com.au     Tel: 0413 871 231
Peter Frankl Pty Ltd, PO Box 848 Edgecliff NSW 2027
Level 5, 203-233 New South Head Rd, Edgecliff, NSW
Business Agent Lic. 20145288  Corporate. Lic. 1416310
https://www.peterfrankl.com.au

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December 12, 2019

We now have the answer to this question as a result of publicly listed law firm DWF acquiring 400-person law firm Rousaud Costas Duran ("RCD"). 

The partners of RCD will be selling their equity at close to 1.4 times their annual revenue. This will be made up of upfront...

October 22, 2019

How do you run a publicly listed law firm? The answer is Gateley

Although law firm IPOs started in Australia, it is in the UK where they have taken off. Five public listings took place in the UK over 2017 and 2018. The largest occurred in 2019 with the listing of DWF. 

T...

March 12, 2019

The world’s largest public float of a law firm has taken place with the listing of DWF on the London Stock Exchange.

Although there have been some changes in partner numbers since October 2018, at that time the firm was trending towards annual revenue (after recoverable...

February 25, 2019

You may be offered a succession arrangement from a practice owner or partner who has retirement in their sights.
 

The simplest transition is one where you buy 100% of the equity at the outset. However this is not a succession arrangement. It is an acquisition. A succes...

October 14, 2018

Legal practices are different

Debtors collection approaches that are borrowed from other industries will typically fail for a legal practice because legal practices are different.

What make them different:

1. Every matter is like a unique journey. Each matter represents a...

September 24, 2018

Common criteria for buying a legal practice are geographic location and type of work but how does the size of a practice fit into the equation? Can a practice be too big or too small?

Let's consider various sized practices: 

A legal practice with $200K annual revenue
...

June 18, 2018

The latest development comes from UK-based multinational law firm DWF which is weighing up an IPO. The firm has more than 2,700 people and four offices in Australia.

UK law firm Knights is moving towards an imminent float that would value the firm at £100 million.
 

Anex...

May 18, 2018

I have been selling and valuing legal practices for 15 years. During that time I have analysed the financial statements of literally hundreds of firms.

When someone asks me questions such as how much rent should I be paying? How much should I pay my staff? What is a r...

November 17, 2017

Is this your situation? You’ve had a successful career. You’ve achieved your success on your own as a sole practitioner without being part of a larger firm. 
 

You still enjoy practice but you don’t enjoy competing with the cut price operators. Your loyal clients will h...

September 24, 2017

Better than partnership


I’m not anti-partnerships. It depends on the partnership. But if you have a great idea and you need resources to implement it, I wish you luck. 
 

Your initiative will have to be presented to a committee; weighed up against competing initiatives...

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May 18, 2018

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