What size legal practice is ideal to buy?

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 This size practice would be ideal for a practitioner with a high level of competency in the field of work practised. The level of fee revenue is too small for the current principal of the practice to be too involved ongoing as well as supporting an incoming buyer. If you need assistance, training or mentoring from the vendor-principal, there might not be enough earnings left in the practice for you. Generally, this si

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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