Valuation Issues: Law Practices and Goodwill
نویسنده
چکیده
From an economic perspective, law practices (as business entities) generally have no goodwill. Quality and value of service result from the skill, experience and reputation of the individual practitioners. Clients seek the services of particular attorneys, not their firms. As an illustration, clients would not be indifferent to paying a certain substantial fee for the services of a nationally recognized litigator, versus the same fee for any other attorney assigned to the case from that litigator's firm.
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تاریخ انتشار 2005