Selling a law practice is daunting task for attorneys seeking to retire or transition into a different phase of their career. The process can be complex and filled with various challenges, but utilizing an online marketplace, such as those designed to facilitate the sale of law practices, can offer numerous advantages. This article explores the benefits of leveraging an online platform to market your law practice, particularly in relation to ABA Rule 1.17, and emphasizes the cost savings and internet-wide exposure it provides.
Cost Savings: $49 per Month vs. 10% of Law Practice ValueOne of the most significant advantages of selling a law practice through an online marketplace is the cost-effectiveness it offers. Traditional methods of selling a law practice often involve hefty broker fees, which can amount to a substantial percentage of the practice's total value. In contrast, online platforms typicall…