From Dormant Idea to $5M+ Deal: Buying a Law Firm - #262
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From Dormant Idea to $5M+ Deal: Buying a Law Firm - #262
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Buying a law firm in the US isn't just for private equity. We just closed our first one. Here's exactly how it went down.
From a BizBuySell listing to LOI, due diligence, and closing day, plus how we kept the whole team after our first law firm acquisition closed.
We settled asset vs. stock purchase up front, skipped the seller earn-out, and built trust instead of fighting over redlines.
Sterling Lawyers grows 23-24% a year organically. Now we're adding growth through acquisition too.
Steal what worked, skip my rookie mistakes, and get your first deal done.
📲 Subscribe Now: https://www.youtube.com/@TylerxDolph
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📄 CHAPTERS
0:00 - Buying a Law Firm: How We Closed Our First Acquisition in Naples, FL
0:50 - Why We Chose Growth Through Acquisition While Growing 24% a Year
5:20 - Negotiating the Letter of Intent, Valuation, and 90-Day Exclusivity
11:15 - Due Diligence Proof: The Firm Grew While the Owners Were Away 70 Days
13:39 - Post-Acquisition Integration: How We Won Over 25 New Teammates
21:42 - What I'd Do Differently: Asset vs. Stock Purchase and Seller Earn-Outs
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