EP 139 – Tom Lenfestey – Selling Or Acquiring A Law Firm

Tom Lenfestey is the Managing Member of The Law Practice Exchange, LLC as well as a practicing North Carolina attorney and licensed CPA. Tom has spent many years in the legal world focused on transition and succession planning for a multitude of professions. He serves on the Transitioning Lawyers Commission with the North Carolina Bar Association and has provided a variety of educational events to attorneys, legal insurers, and law-related professional organizations on topics such as succession planning, selling and valuing your practice, and lawyer transitions.

Tom is the author of the book “Designing a Succession Plan for Your Law Practice.”

The Law Practice Exchange is a law firm brokerage company that advises and assists owners of law firms in selling their firms over time using a transition-based process developed by lawyers, exclusively for lawyers.

On This Episode, We Discuss…

  • Grasping the Process of Buying or Selling a Law Firm
  • Delegating Your Firm’s Value
  • Who is Buying or Selling Firms?
  • Developing a Transition Plan

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