The occasion
What it is usually about
The occasion is buying a practice or buying into an existing one. Alongside that comes succession. Digitalising the practice is a reason in its own right.
Professional law
Professional-law specifics
Here too, holding a stake in a professional practice company is limited by professional law. The client base is the essential value and only transfers if the handover is accompanied.
The professional-law information reflects the position under the relevant professional statutes. Chambers handle individual questions differently; the information from your own chamber is what counts.
The financing
What follows for the financing
The purchase price is measured mainly against turnover from the client base. The bank therefore asks for a transitional arrangement with the seller and an attrition clause for clients who leave.
Getting started
The first step
Work out the range in advance. What the calculator returns is an order of magnitude, not a commitment; how it applies to your case is something we discuss at the appointment.
Arrange an appointment
Bring what you have – we assess what the bank will read into it.