In this episode of The Legal CFO, Ryan Kimler, founder of Net Profit CFO, breaks down the essential steps for building a strong exit strategy—whether you’re selling your law firm or passing it on internally. He shares how to plan years ahead, strengthen your firm’s value, reduce owner dependency, and align financial goals with retirement planning. This episode is a must-listen for every firm owner looking to create long-term stability and maximize their firm’s worth.
Key Timestamps:00:00 – Why every law firm needs an exit strategy. 02:00 – The difference between external sales and internal buyouts. 03:30 – Why exit planning should begin years in advance. 05:00 – Why it’s never too early to include exit planning in your business goals. 06:00 – Key metrics like EBITDA and seller’s discretionary earnings that buyers look for. 08:30 – Why your firm must run smoothly without you to increase value. 10:00 – How to boost profitability in the years leading up to your exit. 12:00 – Risks of late planning and how it affects your retirement value. 14:00 – Steps to begin your exit strategy today. 16:00 – Why exit strategy should align with your overall wealth goals. 18:00 – Plan early, build value, and prepare your team for long-term success.
About the Show:The Legal CFO helps law firm owners understand their numbers, improve profitability, and make data-driven business decisions. Hosted by Ryan Kimler, founder of Net Profit CFO, the show offers practical strategies for law firm growth, financial clarity, and sustainable success.
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