Almost nine out of 10 (86%) business valuation firms we polled say they do litigation-related engagements. About a quarter of firms report that more than half of their business valuation revenue comes from such work. For the others, 22% say it makes up from 26% to 50% of their BV revenue and the rest (40%) say it represents up to 25% of their BV revenue.
This is according to preliminary results from BVR’s Firm Economics Survey conducted this summer. About 170 BV firms, sole practitioners, CPA firms, and other entities with business valuation practices responded to the survey. The responses reveal how firms stack up in terms of performance, compensation, billing rates, marketing and practice development, and more. Responses are being analyzed, and a full report and executive summary will be available soon.